We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Exide Asks Bankruptcy Court To Halt $115M Calif. Plant Suit

Law360, Los Angeles (September 3, 2013, 6:56 PM EDT) -- Exide Technologies Inc. on Friday asked a bankruptcy judge to throw out a $115 million putative class action over environmental hazards at its Vernon, Calif., battery recycling facility, saying the suit would unnecessarily drain the pool of funds for unsecured creditors in its Chapter 11 bankruptcy negotiations.

The Milton, Ga.-based battery maker said in Tuesday’s filing that there’s no reason to move forward with the class action while it is in negotiations with its creditors.

“There is no doubt if the stay were lifted so that the litigation could proceed, it would be a major distraction to [Exide’s] overall restructuring efforts,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!