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EXIDE VERNON BREAKING NEWS: Insurance company asks federal judge to declare it does not have to pay out full limits of its policy to cover deal Exide executives made as part of reorganization plan with plaintiffs suing company over contamination at its Vernon lead smelter; Allied World National Assurance claims contract required Exide’s executives to present any proposed settlements to insurer for review and approval first before entering into any agreements

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“Neither Exide nor any insured person sought or obtained Allied World’s written consent to enter into the Vernon tort claims term sheet,” Allied World said. “The insured persons, therefore, offered to settle and/or entered into a settlement agreement without Allied World’s prior written consent.” The Vernon tort claim term sheet sets out conditions for a […]

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EXIDE VERNON UPDATE: U.S. Bankruptcy judge approves agreement to allow Exide and South Coast Air Quality Management District to enter into mediation over $80 million lawsuit; In lawsuit, SQAQMD claims Exide failed to comply with rules for lead and arsenic emissions from its Vernon lead smelter

Exide lawsuits

REUTERS Exide and California regulator head into mediation over lawsuit  Fri May 20, 2016 7:06am EDT BY JIM CHRISTIE A bankruptcy judge has approved an agreement between Exide Technologies and a California pollution regulator to enter into mediation to try to resolve the regulator’s $80 million lawsuit against the maker of lead-acid batteries. The South Coast […]

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EXIDE VERNON BREAKING NEWS: Community activists honored for role in Exide cleanup effort

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NBC LOS ANGELES Community Activists Honored for Role in Exide Cleanup Effort By  Jessica Perez A host of elected officials gathered in Boyle Heights to pay tribute to residents and community activists who pushed for a more extensive investigation and cleanup effort in neighborhoods impacted by the now-shuttered Exide battery recycling plant in Vernon. Gordon Tokumatsu […]

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EXIDE VERNON BREAKING NEWS: Supervisor Hilda Solis on Exide cleanup funds: ‘Two Americas’ for too long

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LOS ANGELES DAILY NEWS Supervisor Hilda Solis on Exide clean-up funds: ‘Two Americas’ for too long The Exide Technologies plant in Vernon, Calif., on Thursday, March 12, 2015.Photo by Keith Birmingham/Pasadena Star-News By Sarah Favot, Los Angeles Daily News POSTED: 02/17/16, 8:25 PM PST | UPDATED: 3 DAYS AGO Gov. Jerry Brown announced Wednesday he wants the state to […]

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EXIDE VERNON: LA area and state officials call for quicker cleanup of Exide plant contamination

Exide Lead Cleanup

LOS ANGELES TIMES L.A.-area and state officials call for quicker cleanup of Exide plant contamination Community members and activists gather in a backyard of a home east of downtown Los Angeles to mark the closure of the Exide Tchnologies battery recycling plant on Thursday, Mar. 12, 2015.  (Luis Sinco / Los Angeles Times) BY Melanie Mason Frustrated […]

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EXIDE VERNON: Exide lead smelter cleanup ‘ignites’ new fears; Decontamination could re-expose residents to lead, say health experts

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EGPNEWS.COM Exide Plant Cleanup ‘Ignites’ New Fears Decontamination could re-expose residents to lead, say health experts. By Nancy Martinez, EGP Staff Writer Restarting the 100-ton kettles to recapture lead at the now shuttered Exide battery recycling plant in Vernon could expose residents and workers within a two-mile radius of the facility to a new round […]

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EXIDE VERNON: Exide, South Coast Air Quality Management District duel over $100 million lawsuit, Chapter 11 bankruptcy shield

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LAW 360 Exide, Calif. Agency Duel Over $100M Suit, Ch. 11 Shield By Jeff Montgomery Law360, Wilmington (February 2, 2016, 7:09 PM ET) — Battery recycler Exide Technologies Inc. and California air regulators agreed Tuesday to seek a mediator for a dispute over state rights to court action on as much as $100 million in environmental claims […]

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EXIDE BANKRUPTCY UPDATE: California federal judge certifies additional class of investors accusing Exide of covering up its failure to comply with environmental regulations

Exide lawsuits

LAW 360 Exide Investors Get Another Class Certification In Enviro Suit By Kali Hays Law360, New York (December 21, 2015, 3:33 PM ET) — A California federal judge has certified an additional class of investors accusing bankrupt automotive and industrial battery maker Exide Technologies’ executives of covering up the company’s failure to comply with environmental regulations, finding […]

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EXIDE VERNON COMMUNITY MEETING NOTICE: DTSC and SCAQMD to host next meeting of Exide Technologies Advisory Group on Thursday, July 23, from 6p.m. to 8 p.m. at Resurrection Catholic Church – Parish Hall

ExideVernon Community

Exide Technologies Advisory Group Meeting The California Department of Toxic Substances Control (DTSC) and South Coast Air Quality Management District (SCAQMD) will host the next meeting of the Exide Technologies Advisory Group. Translation services will be provided. The meeting is open to the public and will take place:   Thursday, July 23rd, from 6pm – 8pm, […]

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EXIDE VERNON UPDATE: DTSC orders Exide to completely remove blast furnace feed material that Exide was supposed to have moved in May and is still storing in an unauthorized manner; DTSC says continued storage of the toxic material is not appropriate and removal is necessary to human health and the environment; DTSC gives Exide until July 8 to submit new plan that includes moving of hazardous material to facility authorized to accepted toxic waste (MAKE NOTE FOLKS IN MUNCIE, INDIANA); Exide update summary indicates that loose lead and other materials may already have been moved to Exide’s Munice lead smelter, and such must be done in accordance with an approved Closure Plan, BUT DTSC has not approved such a plan for Exide’s Vernon lead smelter

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DTSC is concerned that the feed material in the Blast Furnace Feed Room has not yet been completely removed. As stated in the letter dated May 13, 2015, DTSC has already determined that storage of this material is not appropriate and removal is necessary to protect human health and the environment. Storage of this material […]

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EXIDE BATON ROUGE UPDATE: Baton Rouge wants Exide to pay $1.9 million in unpaid taxes; Exide wants its bankruptcy judge to let it get away with not paying the owed taxes because it says claim is untimely and barred under its second bankruptcy reorganization plan

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Despite that notice, on Dec. 8, the city and parish issued a sales and/or use tax assessment for $1,925,202.17, according to Exide’s motion. The city and parish’s complaint sought East Baton Rouge Parish sales and/or use tax for the period January 1, 2006 to June 30, 2009 based on a 2010 audit. Law 360 Exide […]

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EXIDE VERNON UPDATE: South Coast Air Quality Management District defends efforts to assess an additional $80 million in environmental penalties against Exide

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LAW 360 Calif. Air Regulator Defends $80M Exide Enforcement Action By Ben Conarck Law360, New York (June 18, 2015, 6:01 PM ET) — A California air pollution regulator backed its push to hit Exide Technologies Inc. with environmental penalties totaling up to $80 million in Delaware bankruptcy court on Thursday, dismissing the battery maker’s argument that the […]

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EXIDE FRISCO BREAKING NEWS: TCEQ approves $2.45 million penalty against long-time serial polluter Exide for numerous hazardous waste violations at its contaminated and now closed Frisco lead smelter

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CLICK HERE TO READ MOTION FOR TCEQ’S AGREED ENFORCEMENT ORDER AGAINST EXIDE TECHNOLOGIES DALLAS MORNING NEWS TCEQ OKs $2.45 million penalty against Exide over violations in Frisco   This aerial photo from Exide’s Frisco facility earlier this month shows the crystallization unit on the left, a stormwater retention pond at the top and a wastewater […]

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EXIDE BANKRUPTCY BREAKING NEWS: Shareholders of bankrupt Exide ask judge to certify $2.7 million investor class action because Exide and a group of 10 Exide executives and board members knew that Vernon lead smelter was violating environmental regulations because it was leaking toxins and they concealed that in public statements and financial filings

Exide lawsuits

The plaintiffs, which includes both shareholders and senior note holders, allege that Exide and a group of 10 Exide executives and board members knew that the company’s Vernon, California, facility was leaking toxins and concealed this fact in public statements and financial filings, leading investors to buy shares at inflated prices. LAW 360 Exide Investors […]

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EXIDE FRISCO BREAKING NEWS: TCEQ files Agreed Order against Exide and charges company with more than $2.45 million in fines for six violations of storing and handling of hazardous waste at Frisco lead smelter site

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CLICK HERE TO READ PROPOSED TCEQ AGREED ORDER AGAINST EXIDE Exide faces $2.45M in state penalties as part of plan for former Frisco plant Vernon Bryant/Staff Photographer The Exide Technologies plant in Frisco, seen last week, shut down in November 2012. By VALERIE WIGGLESWORTH vwigglesworth@dallasnews.com Staff Writer Published: 30 March 2015 08:54 PM Updated: 30 March 2015 10:31 […]

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EXIDE VERNON BREAKING NEWS: Bankruptcy judge approves U.S. Justice Department’s $133 million nonprosecution agreement with Exide that requires company to admit its criminal conduct with operation of Vernon lead smelter and to close and clean up contaminated plant. Exide, now owned by JPMorgan Chase and other banks, can be prosecuted during the next 10 years for felony environmental offenses it committed during past 20 years if it fails to adhere to terms of Justice Department deal

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LAW360 Exide’s $133M No-Prosecute Deal OK’d In Pollution Row By Brandon Lowrey Law360, Los Angeles (March 27, 2015, 8:13 PM ET) — A Delaware bankruptcy judge on Friday approved a nonprosecution agreement between Exide Technologies Inc. and federal prosecutors requiring the company to admit to illegally handling hazardous waste at its Los Angeles-area battery recycling plant, and […]

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EXIDE BANKRUPTCY BREAKING NEWS: For second time in 13 years, Bankruptcy Judge Carey approves another Exide reorganization plan. Will JPMorgan Chase and the other banks that now own it and serial polluter Exide — that admitted decades of criminal conduct in an agreement with the U.S. Justice Department — continue the company’s long record of operations that pollute and contaminate and leave behind inadequate cleanups? Will Exide really appropriately clean up its highly contaminated, closed lead smelter properties and impacted neighborhoods in Frisco and Vernon? Will elected officials and regulatory agencies from the local to the federal level ensure Exide obeys laws and regulations, or look the other way like they did for decades? What about the communities of Muncie, IN and Forest City, MO, where Exide still has lead smelters in the U.S.? How will Exide’s reduced profile and poor community health/welfare/environmental record in the U.S. impact the foreign communities where it has operations?

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WALL STREET JOURNAL Exide Wins Bankruptcy-Court Approval for Restructuring Plan Cuts $600 million from company’s $1 billion debt and puts it under ownership of senior lenders By SARA RANDAZZO March 27, 2015 5:26 p.m. ET Battery maker Exide Technologies Inc. won bankruptcy-court approval on Friday to implement a restructuring that cuts $600 million from its $1 billion in debt […]

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EXIDE FRISCO BREAKING NEWS: City of Frisco objects to serial polluter Exide’s vague bankruptcy reorganization plan because of concerns Exide officials have not ensured that enough money will be allocated to properly cleanup contaminated lead smelter facility, Stewart Creek, surrounding property

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CLICK HERE TO READ OBJECTION CITY OF FRISCO FILED ON MARCH 17 CLICK HERE TO READ OBJECTION CITY OF FRISCO FILED WITH BANKRUPTCY COURT IN JANUARY Below is an excerpt from the March 17 filing: For decades, Exide operated a lead recycling plant in Frisco,Texas. Several years ago, Exide shut down its operations there and sought to […]

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EXIDE VERNON UPDATE: Document offers closer look at agreement reached between Exide, State regulators

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CBS LOS ANGELES Document Offers Closer Look At Agreement Reached Between Exide, State Regulators BOYLE HEIGHTS (CBSLA.com) — Lead-contaminated soil continues to be removed from the yards of homes near a battery-recycling facility in the wake of an agreement between state regulators and Exide Technologies. As part of the agreement, Exide has pledged $48 million to clean up […]

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EXIDE FINANCIAL UPDATE: Exide’s red ink adding up in bankruptcy

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DOW JONES & COMPANY Exide’s Red Ink Adding Up in Bankruptcy — Market Talk 15:57 EST – Battery-maker Exide Technologies (XIDEQ) lost $24.1M in December, bringing its total losses since filing for bankruptcy in June 2013 to more than $380M. But with the announcement this week of a deal with unsecured creditors, Exide could soon […]

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