Exide Asks To Extend Ch. 11 Exclusivity Over New Air Regs
Law360, Wilmington (May 14, 2014, 9:16 PM EDT) -- Battery maker Exide Technologies asked a Delaware bankruptcy judge on Wednesday to extend its Chapter 11 exclusivity period through the end of July, saying creditors need time to review amended projections that address the impact of recent environmental regulations on its California battery recycling plant.
Exide has developed a restructuring path out of Chapter 11, but the outline the company presented to key constituencies in March became outdated in April, when strict air pollution regulations went into effect that cast doubt on the California plant's future, according to the exclusivity motion.
Exide's exclusive window to file a Chapter 11 plan closes...
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