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ENVIRONMENTAL SERVICES & EQUIPMENT | Solid Waste
rainbowes.com

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Stage

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

714-847-3581

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.

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