Law firms filing class action lawsuits against Exide and certain officers on behalf of shareholders, investigating potential claims against board of directors due to issues including arsenic emissions from Vernon, CA plant and financial reporting
On March 22, 2013 the South Coast Air Quality Management District (AQMD) (air pollution regulation agency for all of Orange County, CA, and the Los Angeles urban area) announced it had reviewed and approved a health risk assessment from Exide Technologies showing that its Vernon facility is causing a potential health impact to residents in a large geographical area that includes portions of Vernon, Maywood, Huntington Park, Commerce, Boyle Heights and unincorporated areas of east Los Angeles.
Under a California law commonly known as the Toxic Hot Spots program, facilities that emit toxic air pollutants must develop health risk assessments using scientific tools to estimate the risk of cancer as well as non-cancer health effects to residents. If the risk is higher than 25 in 1 million, the facility must develop and implement a plan to reduce it below that threshold within three years.
The AQMD stated that Exide’s health risk assessment shows a maximum cancer risk of 156 in 1 million, mostly due to arsenic emissions, to workers at a facility in Vernon next to Exide.
Since that announcement, several law firms around the country have filed class action law suits against Exide Technologies and certain of its executive officers or are investigating claims against its boards of directors because of matters including the dangerous arsenic emissions form Exide’s Vernon, CA, plant and the company’s financial reporting. A listing of firms that have made announcements – with live links to their detailed news releases – is below: