Tag Archives: restructuring plan

EXIDE VERNON BREAKING NEWS: Bankruptcy judge approves U.S. Justice Department’s $133 million nonprosecution agreement with Exide that requires company to admit its criminal conduct with operation of Vernon lead smelter and to close and clean up contaminated plant. Exide, now owned by JPMorgan Chase and other banks, can be prosecuted during the next 10 years for felony environmental offenses it committed during past 20 years if it fails to adhere to terms of Justice Department deal

US Trustee

LAW360 Exide’s $133M No-Prosecute Deal OK’d In Pollution Row By Brandon Lowrey Law360, Los Angeles (March 27, 2015, 8:13 PM ET) — A Delaware bankruptcy judge on Friday approved a nonprosecution agreement between Exide Technologies Inc. and federal prosecutors requiring the company to admit to illegally handling hazardous waste at its Los Angeles-area battery recycling plant, and […]

0 Comments Read more »