Exide, Creditors Clash Over Possible Price-Fixing Probe
Law360, Wilmington (February 20, 2014, 10:19 PM EST) -- Bankrupt battery manufacturing giant Exide Technologies Inc. clashed Thursday with its creditors' committee over who would hire an economic consultant to investigate whether suspicions of lead price-fixing could lead to causes of action that would yield valuable recoveries for the estate.
The official committee of unsecured creditors first requested to hire an undisclosed economic consulting firm to help probe the issue in January, arguing that if suspicions of conspiracies to fix or stabilize lead prices are true, Exide could have suffered substantial injuries and would be able to file sizable antitrust claims, according to its motion.
But the idea ran into...
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