Predict your next investment


See what CB Insights has to offer


Acquired | Acquired

About Rainbow Disposal

Rainbow Disposal, dba Rainbow ES, provides hauling, garbage removal, waste management, dumpster rental, public dump and free household hazardous waste disposal for Orange County, California.

Rainbow Disposal Headquarter Location

17121 Nichols Ln

Huntington Beach, California, 92647,

United States


Latest Rainbow Disposal News

Republic Settles ESOP Lawsuit Related to Purchase of Rainbow Disposal

Aug 7, 2020

Aug 07, 2020 Republic Services has reached a $7.9 million class settlement in a lawsuit alleging the “imprudent and disloyal sale of Rainbow Disposal Co. Inc. Employee Stock Ownership Plan (ESOP) assets.” According to the original complaint, the Rainbow ESOP plan was first created in 1995 and held 100% of Rainbow’s stock. But, through a series of “bad-faith dealings” on the part of the company’s executive leadership, ESOP assets were redirected by the creation of new companies and other measures—causing losses for employees. The settlement requires Republic (which purchased Rainbow in 2014) and related defendants to pay $7.5 million, with an additional $400,000 to be paid by GreatBanc Trust Co., the former ESOP trustee.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.