Tag Archives: Exide

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

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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 […]

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

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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 […]

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

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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, […]

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

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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 […]

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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

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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 […]

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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

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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 […]

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

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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 […]

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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

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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 […]

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

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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, […]

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

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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 […]

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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

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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. […]

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EXIDE BANKRUPTCY BREAKING NEWS: Exide unsecured creditors blast extension for $560 million Debtor-in-Possession financing package

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In a motion before the Delaware bankruptcy court, the official committee of unsecured creditors called for the court to order a “fair and appropriate” DIP financing process, and argued that the unofficial committee of secured noteholders is “concocting a scheme” that would lead to a one-party reorganization or a “ridiculously quick credit bid sale that, […]

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EXIDE VERNON BREAKING NEWS: PLEASE READ AND SHARE! Community leader appeals to California Gov. Jerry Brown regarding very serious concerns about potential sham settlement with violation-ridden Exide; Exide still under criminal investigation by the U.S. Justice Department for handling of toxic waste

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“It’s just another sign of their lack of oversight. It’s just another sign. You know, they’re not going to do anything until the judge orders them to do something to fix up that place,” A ‘sham settlement’ Msgr. Moretta, who has pastored Resurrection for almost 30 years, was so moved by the latest revelation that […]

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EXIDE VERNON BREAKING NEWS: CBS Los Angeles investigation: Public documents show hazardous waste from Exide Vernon lead smelter repeatedly spilled onto highways and into storm drains that feed Los Angeles River

In a document filed with the Securities and Exchange Commission, Exide states the company is under criminal investigation by a federal grand jury investigating potential criminal violations in its transportation of hazardous waste and air emissions. CBS LOS ANGELES CBS2 Investigation: Public Documents Show Hazardous Waste From Exide Plant Spilled Onto Highways, Into Storm Drains […]

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EXIDE BANKRUPTCY NEWS: Dow Jones Bankruptcy Review: Exide could go up for sale before Christmas if bankruptcy deal isn’t reached

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DOW JONES DAILY BANKRUPTCY REVIEW Exide Could Go Up for Sale If Bankruptcy Deal Isn’t Reached Peg Brickley October 14, 2014 (c) 2014 Dow Jones & Company, Inc. Ailing battery maker Exide Technologies could be up for sale before Christmas if it can’t come to terms with key creditors on a Chapter 11 bankruptcy-exit plan, new court […]

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EXIDE FRISCO BREAKING NEWS – Seriously, is anyone really surprised???? — Frisco accuses Exide of minimizing cleanup at closed plant

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Anyone who has given even passing attention to Exide’s global record regarding contamination of communities, the passing of decades in some cases before it even begins cleanup and how flawed those cleanups have been will not find this latest chapter in the Exide’s ongoing negative impact on Frisco surprising at all. For a sampling, check our […]

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EXIDE FAIRFIELD BREAKING NEWS: Latest cleanup to begin of Mill River contaminated by lead from Exide smelter plant that was demolished in 2005

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FAIRFIELD CITIZEN Latest lead cleanup of Mill River ready to launch Genevieve Reilly Published 6:37 am, Tuesday, October 7, 2014 Equipment is in place in the Mill River at the former Exide Battery site in preparation for dredging to begin. Photo: Genevieve Reilly Dredging more than 20,000 cubic yards of lead-contaminated soil from the Mill River […]

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EXIDE BANKRUPTCY UPDATE: Exide gets approval from lenders for extension of its debtor-in-possession credit facility’s maturity date to March 31, 2015

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CNN MONEY Exide Technologies Receives Approval From Lenders to Extend DIP Financing Maturity Date   October 10, 2014: 07:08 AM ET  MILTON, Ga., Oct. 10, 2014 (GLOBE NEWSWIRE) — Exide Technologies (OTCQB:XIDEQ), a global leader in stored electrical-energy solutions, announced today that the Company has received all necessary approvals from its lenders, thereby extending its […]

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EXIDE VERNON BREAKING NEWS – New California law turns up heat on Exide’s troubled lead smelter in Vernon; Gov. Brown sets deadline for DTSC to give violation-ridden Exide plant permit or shut it down permanently

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CLICK HERE TO READ NEW LAW REGARDING EXIDE The Exide measure the governor signed requires the state Department of Toxic Substances Control to either grant the company a full hazardous-waste permit by the end of next year or shut the facility down. The Vernon plant, which has been allowed to operate with a temporary permit, […]

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EXIDE VERNON BREAKING NEWS: UPDATED – Community residents and environmental justice groups rally to urge California Gov. Jerry Brown for stronger laws against toxic polluters and to clean up Exide and the DTSC

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RELEASE: COMMUNITY CALLS ON GOVERNOR TO CLEAN UP EXIDE & REFORM STATE’S TOXICS AGENCY  URGE SIGNATURE ON SB 712 (LARA) AND SB 812 (DE LEÓN) September 18, 2014 Senator Kevin de León, Rev. Msgr. John Moretta, and L.A. City Councilmemer Jose Huizar and Boyle Heights/South East L.A. Residents LOS ANGELES – Urging Governor Jerry Brown […]

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