“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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 WIGGLESWORTHÂ vwigglesworth@dallasnews.com Staff Writer Published:Â 30 March 2015 08:54 PM Updated:Â 30 March 2015 10:31 […]
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 […]
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 […]
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 […]
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 […]
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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