EPA Balks At Bankrupt Exide's Proposal To Shed Assets

Law360, Wilmington (August 13, 2013, 8:20 PM EDT) -- Government environmental regulators are again at odds with Exide in the company's bankruptcy case, this time objecting Monday to a request by the battery manufacturing giant to allow procedures to sell or abandon certain assets without further approval from the court.

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...
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