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BREAKING NEWS: TCEQ files objection to Exide request to keep spending proceeds from debtor-in-possession loan; wants judge to ensure funds secured for environmental cleanup obligations Exide owes Texas

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FROM LAW360 (subscription required) Exide Bankruptcy Loan Shirks Enviro Liability, Texas Says By Jeremy Heallen Law360, Houston (July 03, 2013, 8:08 PM ET) — Texas regulators urged a Delaware bankruptcy judge to prevent troubled battery maker Exide Technologies Inc. from continuing to spend proceeds from a $500 million postpetition loan until funds are secured for environmental cleanup […]

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