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California keeps up the squeeze on Exide

Thu, 06/18/2015 - 11:13 -- gerry@bestmag.co.uk
California keeps up the squeeze on Exide

Troubled lead acid battery maker Exide Technologies Inc. is asking the U.S. Bankruptcy Court in Delaware to reject a California agency's attempt to seek additional environmental penalties after it has been formally discharged from bankruptcy proceedings.

The South Coast Air Quality Management District (SCAQMD) is seeking to have the court amend the terms of the bankruptcy exit so that additional parties can submit financial claims that could cost the company another $20 million.

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