Ch. Of Exide. 11 Plan OK despite the row of toxic sites with California.


By Rose Krebs (October 16, 2020, 10:58 p.m. EDT) – A Delaware judge on Friday praised Exide Holdings Inc.’s Chapter 11 plan despite California’s opposition to some disclaimers and potential abandonment of the battery manufacturer’s clean-up tasks at a contaminated site in the Golden State.

During the second day of a virtual confirmation hearing, US bankruptcy judge Christopher S. Sontchi called Exide’s Chapter 11 plan “interesting” like he had never seen before. Initially, California officials apparently agreed with plans to negotiate a global deal to resolve environmental liabilities at sites in multiple states, but California eventually withdrew and became a …

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