Exide Technologies, LLC

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Case overview

Case Number:

1:13-bk-11482

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

March 12, 2015
Exide To Close Plant, Pay $50M To End Pollution Row

Bankrupt Exide Technologies Inc. will demolish its battery recycling plant in Vernon, California, and pay $50 million in cleanup costs after admitting to criminal conduct including the illegal disposal of hazardous waste from the facility, federal authorities said Thursday.
March 11, 2015
Insurer Says Exide Plan Effectively Ignores $3B Liability

XL Insurance Co. objected to the bankruptcy reorganization plan of Exide Technologies Inc. on Wednesday, saying it contains too little detail on a $3 billion group of claims connected to pollution and bodily harm from an Exide battery recycling plant in California.
February 04, 2015
Exide Gets Nod For Ch. 11 Reorganization Plan Disclosure

A Delaware bankruptcy judge on Wednesday gave Exide Technologies Inc. the green light to solicit votes for a restructuring plan that would trim roughly $600 million in debt and blessed a slate of motions designed to facilitate the battery maker's exit from Chapter 11.
January 29, 2015
Exide Unveils Settlement That Could Speed Ch. 11 Exit

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.
January 29, 2015
Exide Faces New Waste Violations At LA Battery Plant

California environmental regulators on Wednesday slapped bankrupt Exide Technologies Inc. with multiple violations of state hazardous waste laws, finding new problems at a battery recycling facility outside Los Angeles that is already being overhauled due to past pollution issues.
January 22, 2015
Exide Judge Open To Narrow Expansion Of Price-Fixing Probe

A Delaware bankruptcy judge said Thursday he'd be open to ordering Goldman Sachs Group Inc. and JPMorgan Chase & Co. to produce documents in the Exide Technologies Inc. creditors committee's investigation over possible lead price-fixing, which could yield the debtor valuable antitrust claims, but any order he'd sign would be narrow in scope.
January 21, 2015
Exide Creditors Want To Expand Lead Price-Fixing Probe

Exide Technologies Inc.'s creditors committee pushed back Wednesday against opposition from Goldman Sachs Group Inc., JPMorgan Chase & Co. and others to its bid to expand its investigation into whether possible lead price-fixing affected the debtor, claiming the objectors don't want to produce information that has the potential to support those suspicions.
January 08, 2015
Exide Notches $160M Backstop Pledge From Top Creditors

Senior creditors to Exide Technologies Inc. pledged to backstop up to $160 million in new junior debt contemplated under the battery maker's bankruptcy plan, Exide said Thursday, a step toward its goal of leaving Chapter 11 by April via a sale or, failing that, a stand-alone restructuring.
January 02, 2015
Exide Unsecured Creditors Say Ch. 11 Plan Won't Fly

The unsecured creditors committee for bankrupt Exide Technologies Inc. blasted the battery maker's disclosure statement Friday, arguing it describes a "patently unconfirmable" plan that was proposed in bad faith because the debtor only negotiated with certain secured noteholders who the committee claims will get all the company's value.
December 18, 2014
Exide Bondholders Contend Ch. 11 Plan Unfair, Unworkable

Two senior bondholders of Exide Technologies Inc. took issue with the battery maker's disclosure statement Thursday, saying it supports an unconfirmable Chapter 11 plan that improperly favors certain creditors.