Tag Archives: Exide shareholders

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


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


“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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