Tag Archives: criminal charges

EXIDE BANKRUPTCY BREAKING NEWS: For second time in 13 years, Bankruptcy Judge Carey approves another Exide reorganization plan. Will JPMorgan Chase and the other banks that now own it and serial polluter Exide — that admitted decades of criminal conduct in an agreement with the U.S. Justice Department — continue the company’s long record of operations that pollute and contaminate and leave behind inadequate cleanups? Will Exide really appropriately clean up its highly contaminated, closed lead smelter properties and impacted neighborhoods in Frisco and Vernon? Will elected officials and regulatory agencies from the local to the federal level ensure Exide obeys laws and regulations, or look the other way like they did for decades? What about the communities of Muncie, IN and Forest City, MO, where Exide still has lead smelters in the U.S.? How will Exide’s reduced profile and poor community health/welfare/environmental record in the U.S. impact the foreign communities where it has operations?

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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 […]

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EXIDE VERNON SHUTDOWN UPATE: Exide — and all of the impacted neighborhoods/communities — face a long, costly cleanup of closed Vernon lead smelter

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DTSC spokeswoman Tamma Adamek said the agency will ‘hold Exide responsible for paying to clean up all areas that contain Exide’s contamination if additional information demonstrates the need.’ What if Exide does not comply? Exide could be prosecuted. Under the deal with the U.S. attorney’s office, the company admitted to two decades of criminal conduct […]

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EXIDE VERNON BREAKING NEWS: More stories about Exide admitting criminal conduct regarding operations at its Vernon lead smelter and the permanent shut down and cleanup of the violation-ridden plant to avoid criminal prosecution

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Over the last year, federal authorities built what appeared to be a strong criminal case against Exide Technologies, the Vernon battery recycler that has long faced scrutiny for spewing lead and arsenic into neighborhoods in southeast Los Angeles County. Investigators found environmental crimes spanning two decades and documented the transgressions in hundreds of pages. Among […]

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EXIDE VERNON BREAKING NEWS / MEDIA ROUNDUP: FINALLY! — After decades of toxic pollution and contamination, Exide to permanently close violation-ridden Vernon lead smelter to avoid criminal charges in deal reached with U.S. Attorney

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“The reign of toxic lead ends today,” acting U.S. Atty. Stephanie Yonekura said Thursday. “After more than nine decades of ongoing lead contamination in the city of Vernon, neighborhoods can now start to breathe easier.” Under a deal between federal officials and the company, Exide acknowledges criminal conduct, including the illegal storage and transportation of hazardous […]

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