Exide Investors Get Partial Cert. In Suit Over Enviro Woes
Law360, New York (July 27, 2015, 2:48 PM EDT) -- A California federal judge has agreed to partially certify a class of investors accusing bankrupt automotive and industrial battery maker Exide Technologies Inc. and its executives of covering up the company’s failure to comply with environmental regulations, saying it will help the case advance as a whole.
Judge Stephen V. Wilson said in a July 21 order posted Friday that the shareholder class failed to present a damages model, but he still agreed to certify a liability-only class to address their claims that Exide and a group of executives and board members concealed the fact that the company’s Vernon, California, facility...
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