SEC Charges Keurig With Inaccurate Pod Recyclability Statements

The Securities and Exchange Commission charges Keurig Dr Pepper with making inaccurate statements regarding the recyclability of its K-Cup single use beverage pod.

• Keurig agreed to pay a $1.5 million civil penalty to settle the charges
• SEC says Keurig did not disclose that two of the largest recycling companies in the US had expressed significant concerns regarding the commercial feasibility of curbside recycling of K-Cup pods and indicated that they did not presently intend to accept them for recycling
  • In annual reports for fiscal years 2019 and 2020, Keurig stated that its testing with recycling facilities showed the pods “can ...