Exide Execs Pay $15M To Settle Investors' Enviro Suit
Law360, New York (March 8, 2016, 12:36 PM EST) -- Investors in Exide Technologies told a California federal court Monday that they have reached a $14.75 million settlement with executives at the bankrupt automotive battery maker to end class allegations that they helped the company cover up its failure to comply with environmental regulations.
The investors said that in addition to their concern about their ability to prove damages at the trial, they're also worried about the defendants' ability to pay a greater figure given Exide's current financial situation, leading the investors to reach what they called a fair settlement.
"Given the complexities of this action and the continued depletion of...
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