Tag Archives: Exide shareholders

EXIDE BANKRUPTCY UPDATE – Exide shareholders lose bid for bigger role in bankruptcy

Dear-Shareholders

Bloomberg News Exide Shareholders Lose Bid for Bigger Role in Bankruptcy By Steven Church December 11, 2014 Shareholders of Exide Technologies, the 125-year-old battery maker, are close to being wiped out and don’t need a court-approved committee to help them fight a reorganization plan that would pay them nothing, a judge said. U.S. Bankruptcy Judge Kevin […]

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EXIDE BANKRUPTCY BREAKING NEWS: Federal judge rules that Exide executives can’t escape investor lawsuit over environmental issues

Exide

“These allegations support that the [company’s Vernon, California-based] facility was critical to Exide’s operations, and that the environmental contamination issues at Vernon were severe,” Judge Wilson said. “In conjunction with Exide’s environmental reporting system, these allegations support a cogent inference that defendants were aware of Vernon’s environmental issues… Further, given the plaintiffs had provided statements […]

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