Archive | November, 2014

EXIDE VERNON BREAKING NEWS: UPDATED – Bankruptcy judge approves Exide and DTSC’s deal; For now*, homes can be tested for lead, County supervisors explore legal options

dept-of-toxic-control-l_2

CLICK HER TO READ BANKRUPTCY COURT ORDER ALLOWING EXIDE TO ENTER INTO AGREEMENT WITH DTSC LASTREETSBLOG.COM Exide Settlement with DTSC Limits (For Now)* Homes that Can Be Tested for Lead, County Supervisors Explore Legal Options  Thursday, November 20, 2014 by Sahra Sulaiman Good news, good people of Maywood, Boyle Heights, and East L.A. who live within […]

0 Comments Read more »

EXIDE BANKRUPTCY BREAKING NEWS: Loss of one of Exide’s biggest customers by volume may shake up company’s Chapter 11 reorganization plan

exide POR

THE COPY BELOW IS TAKEN DIRECTLY FROM EXIDE’S FILING WITH THE SEC On November 17, 2014, Exide Technologies (“Exide” or the “Company”) filed with the Bankruptcy Court (1) a proposed plan of reorganization (the “Proposed Plan”) and (2) a related proposed disclosure statement (the “Proposed Disclosure Statement”). Proposed Financial Projections were attached to the Proposed […]

0 Comments Read more »

EXIDE VERNON BREAKING NEWS: Los Angeles says Exide’s bankruptcy deal regarding Vernon smelter moving too fast

Los Angeles

LAW 360  LA Says Exide’s Ch. 11 Vernon Plant Deal Moving Too Fast By Matt Chiappardi Law360, Wilmington (November 17, 2014, 5:05 PM ET) — Both the city and county of Los Angeles balked Monday at the speed of a nearly $50 million deal bankrupt Exide Technologies Inc. struck with California regulators over its troubled Vernon plant, […]

0 Comments Read more »

EXIDE BANKRUPTCY BREAKING NEWS: Exide files Plan of Reorganization and Disclosure Statement

exide POR

THE STREET.COM Exide Technologies Files Plan Of Reorganization And Disclosure Statement 11/17/14 – 09:15 PM EST MILTON, Ga., Nov. 17, 2014- Exide Technologies today that it has filed its plan of reorganization (the “Plan”) and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The Plan and disclosure statement are consistent with […]

0 Comments Read more »

EXIDE VERNON BREAKING NEWS / MEDIA ROUNDUP: Los Angeles County official blasts ‘secret’ deal among Gov. Jerry Brown, DTSC and Exide; LA County Board of Supervisors approves motion to have attorneys consider legal options to force closing of Exide’s violation-ridden lead smelter and cleanup of nearby neighborhoods

4000003561

CBS LOS ANGELES Official Blasts “Secret” Deal Over Battery Recycling Plant LOS ANGELES (CBSLA.com) — A Los Angeles County official Wednesday called for legal action against a battery recycling plant in Vernon which authorities say has operated without a permit for decades. Supervisor Gloria Molina held a rally outside the Kenneth Hahn Hall of Administration along […]

0 Comments Read more »

EXIDE VERNON BREAKING NEWS: Los Angeles County Department of Public Health asks Southern California health educators to help promote blood lead screenings in East Los Angeles neighborhoods near violation-ridden Exide lead smelter

Small - Exide Blood Lead Testing

SOUTHERN CALIFORNIA SOCIETY FOR PUBLIC HEALTH EDUCATION The Los Angeles County Department of Public Health is responding to concerns about lead exposure in communities near the Exide Technologies battery recycling plant in the city of Vernon, California.  Public Health is offering free, confidential Blood Lead Screening for any resident, student, employee, or childcare participant within an […]

0 Comments Read more »

EXIDE VERNON BREAKING NEWS: All released results show lead in soil samples of homes near Exide smelter

la-me-ln-exide-supervisors-jerry-brown-letter--001

BOYLE HEIGHTS (CBSLA.com) — The state Department of Toxic Substances Control said the yards of 104 homes in a Boyle Heights neighborhood have been tested for lead, and released preliminary results Monday for more than half of those homes. Preliminary results from 62 homes near a battery-recycling facility showed that 12 residences were found to have soil that […]

0 Comments Read more »

EXIDE VERNON BREAKING NEWS / MEDIA ROUNDUP – California Department of Toxic Substance Control issues Enforcement Order against Exide; Orders company to set aside sufficient funds to close violation-ridden Vernon lead smelter and to immediately address lead contamination in surrounding community

dept-of-toxic-control-l_2

THIS WILL BE A WORK-IN-PROGRESS MEDIA ROUNDUP. PLEASE CHECK OUT LINKS TO ADDITIONAL RELATED STORIES BELOW CALIFORNIA DEPARTMENT OF TOXIC SUBSTANCE CONTROL DTSC Announces Enforcement Order FOR IMMEDIATE RELEASE – NOV. 6 – SACRAMENTO – The state Department of Toxic Substances Control (DTSC) today announced an enforcement order against Exide Technologies requiring Exide to set […]

0 Comments Read more »

EXIDE VERNON BREAKING NEWS: Los Angeles County considers lawsuit against Exide; Supervisor hopes to permanently shutter Exide’s troubled lead smelter

Exide LA County

Exide was named the worst lead polluter in California and the third worst in the nation by the U.S. Environmental Protection Agency. “We have been going through the process, we have been respectful,” Molina told EGP. “Ignoring us is not the way to go,” she said about a potential lawsuit. Molina, like many eastside residents, […]

0 Comments Read more »

EXIDE BANKRUPTCY BREAKING NEWS – Exide enters into Plan Support Agreement and also starts sales process for its businesses

Fee-Waiver-Chapter-7-Bankruptcy-in-San-Jose

TAKEN FROM EXIDE NEWS RELEASE Exide Technologies Enters Into Plan Support Agreement MILTON, Ga., Nov. 4, 2014 (GLOBE NEWSWIRE) — Exide Technologies (the “Company”), a global leader in stored electrical-energy solutions, announced today that it entered into a plan support agreement (“PSA”) with holders of a majority of the principal amount of Exide’s senior secured […]

0 Comments Read more »

EXIDE BANKRUPTCY BREAKING NEWS: Bankrupt Exide gets nod to extend $560 million DIP loan; Exide gives up exclusive ability to file a Chapter 11 plan

Exide

LAW 360 Bankrupt Exide Gets Nod To Extend $560M DIP Loan By Jamie Santo Law360, Wilmington (October 31, 2014, 6:09 PM ET) — A Delaware bankruptcy judge signed off Friday on Exide Technologies Inc.’s proposed extension of its $560 million debtor-in-possession financing package, but only after the battery maker agreed to terminate the Chapter 11 exclusivity period. […]

0 Comments Read more »