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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

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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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