Exide Unveils Settlement That Could Speed Ch. 11 Exit

Law360, Wilmington (January 29, 2015, 6:37 PM EST) -- Exide Technologies Inc. told a Delaware bankruptcy judge Thursday that senior secured and unsecured creditors in the case had come to a settlement over antitrust, intellectual property and pension concerns that appears to end months of wrangling and could hasten and simplify the battery giant's exit from Chapter 11.

At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin J. Carey listened to the details of the deal without comment, but did allow it to be put on the fast-track — truncating the normal 21-day required notice period — so that it would be considered on Feb. 4, the same day the...

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