Sony Electronics to Pay $1.2 Million in Cleaning Up Piled CRTs

SEATTLE (Scrap Monster): The San Diego-based Sony Electronics announced that it has reached an agreement with the warehouse landlords on cleanup of piled up CRT monitors as part of its association with the Closed Loop program. The company has agreed to pay $1.2 million in settlement of the allegations. The amount will boost the efforts to clean up the stockpile of electronic waste at two Ohio warehouse facilities.

Earlier in August this year, the landlords Garrison Southfield Park and Olymbec USA had sued a total of nine original equipment manufacturers (OEMs) including Sony Electronics. It must be noted that Sony is the first among them to reach a settlement. Dell and Micro Center have filed counterclaims in court, whereas the other six manufacturers have not yet responded to the lawsuit.

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The settlement is now being submitted to the U.S. District Court for the Southern District of Ohio. The settlement amount was calculated by taking Sony’s market share, rather than considering the amount of material shipped to Closed Loop. The settlement amount will fund efforts to remove approximately 6% of the CRTs piled up at the warehouses and is considered on par with payments by most other parties who have reached a settlement before.