Tag Archives: Exide

EXIDE BANKRUPTCY BREAKING NEWS: U.S. Trustee files Protective Objection to and Reservation of Rights regarding Exide’s attempt to submit and gain approval of incomplete Plan of Reorganization and Disclosure Statement

US Trustee

On Dec. 31, 2014, Roberta A. DeAngelis, the United States Trustee for Region 3 filed a Protective Objection to and Reservation of Rights Regarding Exide’s Motion for Entry of an Order (a) Approving the Adequacy of the Exide’s Disclosure Statement; (b) Approving Solicitation and Noticing Procedures with Respect to Confirmation of Exide’s Proposed Plan of Reorganization; (c) […]

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EXIDE VERNON – 2014 IN REVIEW: Pollution at Exide tops year’s list of stories

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LOS ANGELES WAVE 2014 IN REVIEW: Pollution at Exide tops year’s list of stories December 31, 2014 Written by:  Wave Staff Environmental activists protest outside Exide Technologies in Vernon last April, calling for state regulators to shut down the battery recycling plant if the emission problems at the plant can’t be solved. (Photo by Gary […]

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EXIDE VERNON MEDIA ROUNDUP – In 5 lawsuits, residents sue Exide officials over alleged exposure to toxins; suits claims Exide officials mislead public and environmental regulators about safety of lead smelter’s daily emissions into air and willfully endangered the health of children living nearby

Exide lawsuits

MYNEWSLA.COM Exide battery plant named in 3 more lawsuits POSTED BY COLLEEN PARK ON DECEMBER 24, 2014 Photo via Wikimedia Commons. Three more lawsuits were filed against several company executives and the manager of the Exide battery recycling plant in Vernon by residents who allege they and their children were exposed to lead, arsenic and other contaminants. One […]

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EXIDE BANKRUPTCY UPDATE – Exide bondholders contend Chapter 11 reorganization plan unfair and unworkable

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LAW 360 Exide Bondholders Contend Ch. 11 Plan Unfair, Unworkable By Jamie Santo Law360, Wilmington (December 18, 2014, 8:16 PM ET) — Two senior bondholders of Exide Technologies Inc. took issue with the battery maker’s disclosure statement Thursday, saying it supports an unconfirmable Chapter 11 plan that improperly favors certain creditors. Frank Smith and Michael Nelson, who […]

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EXIDE BANKRUPTCY UPDATE – Exide shareholders lose bid for bigger role in bankruptcy

Dear-Shareholders

Bloomberg News Exide Shareholders Lose Bid for Bigger Role in Bankruptcy By Steven Church December 11, 2014 Shareholders of Exide Technologies, the 125-year-old battery maker, are close to being wiped out and don’t need a court-approved committee to help them fight a reorganization plan that would pay them nothing, a judge said. U.S. Bankruptcy Judge Kevin […]

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EXIDE VERNON MEDIA ROUNDUP – Second phase of cleanup of lead-contaminated soil from homes near Exide lead smelter begins

Exide Lead Cleanup

EGPNEWS.COM Exide Residential Cleanup Continues By Nancy Martinez, EGP Staff Writer On the quiet block of La Puerta Avenue in Boyle Heights, a small bobcat bulldozer was in high gear last week, removing dirt from homes where high levels of lead were found. At least one hundred wheelbarrows of tainted soil were removed from two […]

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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

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 […]

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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, […]

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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 […]

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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

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, […]

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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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