Investors of eBay Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of eBay Inc. (“eBay”) (NASDAQ: EBAY) breached their fiduciary duties to eBay and its shareholders and whether investors of eBay stock suffered damages as a result.
INVESTORS OF EBAY STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C.
On September 27, 2023, the U.S. Department of Justice (“DOJ”), on behalf of the U.S. Environmental Protection Agency (“EPA”), filed a complaint against eBay for unlawfully selling and distributing hundreds of thousands of products in violation of several federal statutes, including the Clean Air Act (“CAA”), the Federal Insecticide, Fungicide, and Rodenticide Act (“FIFRA”), and the Toxic Substances Control Act (“TSCA”).
According to the DOJ, “[t]he complaint alleges that eBay sold, offered for sale or caused the sale of more than 343,000 aftermarket defeat devices, which defeat motor vehicle emission controls, a violation of the CAA. Aftermarket defeat devices significantly increase pollution emissions – including carbon monoxide, nitrogen oxides, particulate matter and nonmethane hydrocarbons – that harm public health and impede efforts by the EPA, states, Tribes and local agencies to plan for and attain air quality standards.”
The complaint, according to the DOJ, “. . . also alleges that eBay has violated FIFRA by unlawfully distributing or selling at least 23,000 unregistered, misbranded or restricted-use pesticide products, even in violation of a stop sale order EPA issued to eBay in 2020 and amended in 2021. Examples include a high toxicity insecticide banned in the United States, restricted use pesticides that only certified applicators may apply and products fraudulently claiming to protect users against the SARS-CoV-2 virus.”
Additionally, the complaint, according to the DOJ, “. . . alleges that eBay has distributed over 5,600 items in violation of the TSCA Methylene Chloride Rule. The rule prohibits retailers from distributing in commerce products that contain methylene chloride for paint and coating removal to prevent unreasonable risks, including death, presented by these types of products.”