Tag Archives: Department of Justice

EXIDE MUNCIE UPDATE: Exide gets a pass to keep polluting Muncie

Exide Muncie

CLICK TO GET MORE INFORMATION FROM THE HOOSIER ENVIRONMENTAL COUNCIL CLICK TO READ COMMUNITY COALITION’S COMMENTS TO U.S. DEPARTMENT OF JUSTICE MUNCIEVOICE.COM Exide Technologies Gets a Pass to Keep Polluting Muncie Despite Calls from Elected Officials, Environmental and Health Groups, Feds Deny Requests for Added Protections from Lead Pollution MUNCIE, Indiana NEWS – Indiana’s largest environmental policy organization […]

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Exide targeted in Federal criminal probe of Vernon plant

US-Justice-Department

CLICK HERE TO READ EXIDE’S 10-Q FILING WITH THE SEC WALL STREET JOURNAL Exide Targeted in Federal Criminal Probe of California Plant Battery Maker Receives Grand Jury Subpoena Involving Lead-Recycling Plant August 15, 2014 12:02 PM By PEG BRICKLEY Exide Technologies has been hit with a grand jury subpoena in connection with a criminal investigation […]

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BREAKING NEWS: U.S. government, EPA, and 10 states object to Exide’s request to sell or abandon certain assets – including contaminated property – without further approval from bankruptcy court; According to Exide, company owns more than 60 U.S. properties, many of which could require funding for environmental cleanup or compliance

Abandoned_Exide_loading_Bay___Flickr_-_Photo_Sharing_

The U.S. government on behalf of the Environmental Protection Agency filed an objection in Delaware bankruptcy court, contending that Exide’s request has the potential to include contaminated property and arguing that courts are not permitted to allow assets be abandoned without conditions protecting public health and safety. “While debtor™s motion might be appropriate in other […]

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BREAKING NEWS: Judge gives bankrupt Exide final approval for $500M DIP loan despite objections from City of Frisco, TCEQ, 10 states, EPA, Department of Justice due to concerns that city, state and U.S. taxpayers will be left to pay for cleanup of toxic contamination at Exide facilities; Frisco cleanup costs now range between $15 million and $130 million; How will Exide deal with its environmental liabilities in this second bankruptcy?

Exide - Who Will Pay for Cleanup?

  Exide received final Bankruptcy Court approval today of its $500 million debtor-in-possession (DIP) financing provided by JPM Chase and a group of lenders to whom the DIP financing was syndicated. This final approval came in spite of objections filed by entities ranging from the City of Frisco, the TCEQ, environmental agencies from California, Florida, […]

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