California environmental group sues U.S. Forest Service over Arrowhead bottled water operation [Los Angeles Times (CA)]
Primo Water Corporation (PRMW)
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Source: Los Angeles Times
The nonprofit group Save Our Forest Assn. filed the lawsuit in federal court, arguing the Forest Service violated federal laws by allowing the company to continue piping water from boreholes and water tunnels in the San Bernardino Mountains. The environmental group said the extraction of water, which is bottled and sold as Arrowhead 100% Mountain Spring Water, has dramatically reduced the flow of Strawberry Creek and is causing significant environmental harm. The group said the Forest Service has granted the company “illegal occupancy” of public lands, and urged the U.S. District Court to order the agency to shut down the network of pipelines and remove the water-diverting infrastructure from the national forest. “The U.S. Forest Service must be accountable for protecting our natural resources,” said Hugh Bialecki, president of Save Our Forest Assn. The lawsuit is the latest of several attempts by activists to stop the use of spring water from the mountains north of San Berna
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News
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- Primo Water Co. (NYSE: PRMW) had its price target raised by analysts at TD Securities from $30.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- Shareholder Alert: Ademi LLP investigates whether Primo Water Corporation has obtained a Fair Price for its Public ShareholdersPR Newswire
PRMW
Earnings
- 5/9/24 - Beat
PRMW
Sec Filings
- 6/25/24 - Form DEFA14A
- 6/18/24 - Form DEFA14A
- 6/18/24 - Form 8-K
- PRMW's page on the SEC website