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HCTI BIG HEADLINE NEWS HIT!!! 90B is stated in HEADLINE!!! CHECK IT OUT!!!!

https://finance.yahoo.com/news/hybrid-90b-lawsuit-filed-us-150200882.html

Hybrid: $90B Lawsuit filed By US Government Against Largest Producers Of Isocyanates

GlobeNewswire•September 22, 2016Comment
SAN FRANCISCO, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (HCTI:OTC Pink:HCTI) announced today that the US government, represented by Kasowitz, Benson, Torres & Friedman LLP, has launched a $90 billion dollar False Claims Act (FCA) lawsuit against BASF Corporation, Bayer Material Science LLC, Dow Chemical Company and Huntsman International LLC. These companies have been accused of selling billions of dollars worth of harmful isocyanate chemicals but intentionally concealing their dangers to consumers and the U.S. Environmental Protection Agency (EPA) over the past several decades. In the suit, the law firm said that the defendants manufacture and sell isocyanate chemicals such as methylene diphenyl diisocyanate (MDI), polymeric MDI (PMDI) and toluene diisocyanate (TDI). These raw materials make up polyurethane products such as liquid coatings, paints and adhesives; flexible foam used in mattresses and cushions; rigid foam used as insulation; and elastomers used to make automotive interiors.

“This is important news for the company that could significantly change the landscape of the $65 billion a year polyurethane industry,” said Joseph Kristul, president and CEO, “This shows the extent of the pressure that is being put on the polyurethane industry to find alternatives to isocyanates, which are harmful and dangerous to people’s health and the environment. The government is pushing on multiple fronts including education, legislation and now with potentially devastating litigious action. This further reinforces why Hybrid, the only company in the world to produce polyurethane without any isocyanates, has been approached and entered into joint development agreements and joint collaborations with some of the largest companies in the world, to produce non-isocyanate polyurethane products based on Hybrid’s proprietary, patented technology.

See full news release below released by EcoWatch:

http://www.ecowatch.com/whistleblower-lawsuit-chemical-companies-2005784783.html

$90 Billion Whistleblower Suit Filed Against Four of the Nation's Largest Chemical Companies

Four of the country's largest chemical companies have been accused of selling billions of dollars worth of harmful isocyanate chemicals but intentionally concealing their dangers to consumers and the U.S. Environmental Protection Agency (EPA) over the past several decades.

BASF Corporation, Bayer Material Science LLC, Dow Chemical Company and Huntsman International LLC have been named in a False Claims Act (FCA) lawsuit brought by New York law firm Kasowitz, Benson, Torres & Friedman LLP on behalf of the U.S. government.

EcoWatch learned that the recently unsealed whistleblower lawsuit was served on the chemical companies on Wednesday. The lawsuit was originally filed under seal in federal court in Northern California.

Kasowitz brought this action on behalf of itself and the federal government to recover more than $90 billion in damages and penalties under the FCA, which imposes penalties for concealing obligations to the government.

According to a copy of the lawsuit seen by EcoWatch, "Each of these companies is separately liable to the United States Government for billions of dollars in civil reporting penalties, which continue to accumulate by tens of thousands of dollars daily, and for billions of dollars in similarly increasing breach of contract damages."

In the suit, the law firm said that the defendants manufacture and sell isocyanate chemicals such as methylene diphenyl diisocyanate (MDI), polymeric MDI (PMDI) and toluene diisocyanate (TDI). These raw materials make up polyurethane products such as liquid coatings, paints and adhesives; flexible foam used in mattresses and cushions; rigid foam used as insulation; and elastomers used to make automotive interiors.

Occupational Safety and Health Administration (OSHA) states that exposure to isocyanate can irritate the skin and mucous membranes, cause chest tightness and difficult breathing. Isocyanates also include compounds classified as potential human carcinogens and is known to cause cancer in animals.

As alleged in the complaint, the defendants, the isocyanate industry and the EPA have long known that inhalation of isocyanates, including MDI, PMDI and TDI, can cause harm to human health.