Philip Services Corp.    



5151 San Felipe St., Ste. 1600

Houston, TX 77056-3647

United States

(713) 623-8777

(713) 625-7185

Company description

Wholesale: Providers of ferrous scrap processing, brokerage and industrial outsourcing services.

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News and information about Philip Services Corp.

Ontario Court of Appeal Identifies "Potential Danger" in Moving for Summary Judgment
Mondaq Business Briefing; February 24, 2017; 700+ words
...lenders against Deloitte for its alleged negligence relating to audit services provided prior to the collapse of Philip Services Corp ("Philip"). Justice Perell heard the motion earlier this year and granted partial summary judgment dismissing...
Indeterminate Liability of Auditors and the Dangers of Partial Summary Judgment
Mondaq Business Briefing; December 30, 2016; 700+ words
...indeterminate auditor liability should proceed to trial. Facts In 1998, an accounting fraud was discovered at Philip Services Corp. ("Philip"), a publicly traded company. The Plaintiffs alleged that Philip's auditors, Deloitte and Deloitte...
Heritage-Crystal Clean Founder to Retire
Daily Herald (Arlington Heights, IL); December 8, 2016; 444 words
...environmental cleaning company, which OMNI acquired. He served in various operating and executive positions from 1997 to 2004 with Philip Services, an environmental and industrial services company. Recatto holds a bachelor's degree in finance from Louisiana State...
Lenders' Misrepresentation Claim against Auditor Summarily Dismissed
Mondaq Business Briefing; February 25, 2016; 700+ words
In the latest chapter in an almost 20-year-old saga involving Philip Services Corp. ("Philip") and an accounting fraud uncovered in 1998, Ontario Superior Court Justice Perell summarily dismissed a negligent...
Limitations on an Auditor's Duty of Care
Mondaq Business Briefing; February 16, 2016; 700+ words
...auditor's report for a public company. The facts of the CIBC case are as follows. Deloitte was the auditor of Philip Services Corp. ("Philip"), a public corporation engaged in providing metal recovery and processing services to major industry...
No Liability despite Auditors' Knowledge That Lenders Would Rely upon Audit Opinion: Canadian Imperial Bank of Commerce V. Deloitte & Touche, 2015 ONSC 7695
Mondaq Business Briefing; December 29, 2015; 700+ words
...defendants raised the defence of ex turpi causa, it was not at issue on the motion. Key facts On August 11, 1997, Philip Services Corp. ("Philip") signed a credit agreement to borrow U.S. $1.5 billion from a syndicate of 39 lenders led...
Privileged Documents and Regulatory Investigations: When Does Waiver Come into Play?
Mondaq Business Briefing; August 27, 2015; 700+ words
...enabling the auditor to carry out its audit functions. (See Interprovincial Pipe Line Inc. v. M.N.R. and Philip Services Corp. (Receiver of) v. Ontario Securities Commission.) Outside of audits, there is some authority in Canada for...
Court of Appeal Rules on Privilege over Regulator's Investigation File
Mondaq Business Briefing; May 5, 2015; 700+ words
...basis declined to order production. Background In Philip Services Corp. v. Deloitte & Touche,1 the representative plaintiffs...prepared the 1995 and 1996 annual statements of Philip Services Corp. (Philip), a former public company. The Institute...

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Industry information

NAICS codes 
North American Industry Classification System (NAICS) codes are used to classify businesses for the purpose of collecting statistical data related to the U.S. economy. NAICS codes have been assigned to international companies to help organize all companies by type of activity.  

Primary: 423930 - Recyclable Material Merchant Wholesalers

325188 - All Other Basic Inorganic Chemical Manufacturing

325998 - All Other Miscellaneous Chemical Product and Preparation Manufacturing

562998 - All Other Miscellaneous Waste Management Services


SIC codes 
Standard Industrial Classification (SIC) codes classify establishments by their primary type of activity. SIC codes are a U.S. Census Bureau system but can apply to international companies.  

Primary: 5093 - Scrap and Waste Materials industry report

2869 - Industrial Organic Chemicals, NEC industry report

2899 - Chemicals and Chemical Preparations, NEC industry report

4959 - Sanitary Services, NEC industry report