WASHINGTON, DC - As required by the Perishable Agricultural Commodities Act (PACA), Westlake Distributors of Downey, California, has posted a $100,000 surety bond to employ Christopher Martin.
This comes after Los Angeles, California-based VIP Marketing failed to pay multiple reparation awards issued against the company, of which Martin was an officer at the time.
Direct from the USDA Agricultural Marketing Service:
Any PACA licensee wishing to employ individuals who have failed to pay a reparation award, or have been subject to a USDA disciplinary action, must post a USDA-approved surety bond. USDA will hold the $100,000 bond for four years and nine months, effective May 22, 2023, providing assurance to the industry that the company will be able to pay for produce purchased and to conduct its business according to PACA rules.
To read the release in its entirety, click here.
