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    Toll free (844) 887-9500 PureCycle commercializes a purification recycling technology, originally developed by The Procter & Gamble Company (“Procter & Gamble”), for restoring waste polypropylene into resin with near-virgin characteristics. The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) the technology PureCycle licensed from Procter & Gamble was not proven and presented serious issues even at lab scale; (2) the challenges posed by the availability and competition for the raw materials necessary to commercialize the licensed technology were significant; (3) PureCycle’s financial projections were baseless; and (4) as a result, PureCycle’s public statements were materially false and misleading at all relevant times.

United statesAdrienne bellJames maro jrJames maroPurecycle technologies incProcter gamble companyUnited states district courtProcter gambleRoth ch acquisitioni coKessler topaz meltzerMiddle districtPurecycle technologiesPlaintiff deadlineGamble companyClass periodTopaz meltzer