“The debtor may contend that its hands are tied from acting even in the event of a catastrophic event or emergency because it has no authority to spend cash collateral under an approved budget and there was not sufficient time to obtain such approval from the lenders,†the motion filed in the U.S. Bankruptcy Court […]
DALLAS MORNING NEWS Frisco to tap state fund for its share of Exide cleanup Vernon Bryant/Staff Photographer Crews dismantle a smokestack in May at Exide Technologies’ Frisco plant. By VALERIE WIGGLESWORTH Staff Writer vwigglesworth@dallasnews.com Published:Â 08 July 2013 10:33 PM Updated:Â 09 July 2013 07:22 AM After 20 years of trying, the city of Frisco will receive […]
DALLAS MORNING NEWS Frisco, state attempt to secure financing for cleanup at Exide site during bankruptcy By Valerie Wigglesworth vwigglesworth@dallasnews.com 1:05 pm on July 6, 2013 The city of Frisco filed a motion in federal bankruptcy court this week that joins the state in its efforts to secure funding for environmental cleanup at the closed Exide […]
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 […]
CLICK HERE FOR LINK TO EXIDE’S CHAPTER 11 PETITION/AFFIDAVIT CLICK HERE FOR EXIDE NEWS RELEASE BLOOMBERG Exide Wins Initial Loan Approval to Operate in Bankruptcy By Steven Church – Jun 11, 2013 11:02 AM CT Exide Technologies (XIDE), the 125-year-old battery maker, won initial court approval to borrow as much as $500 million to replace […]
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