SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses on Their Investment in Exide Technologies of Class Action La
19 Aprile 2013 - 12:07AM
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Central
District of California on behalf of investors who acquired Exide
Technologies ("Exide" or "the Company") (Nasdaq:XIDE) stock between
February 9, 2012 and April 3, 2013.
For more information, click here:
http://zlk.9nl.com/exide-technologies-xide/.
The complaint alleges that during the class period defendants
knew but misrepresented and/or failed to disclose that: (a) Exide
was exposing residents near its Vernon, California facility to
dangerously high levels of pollutants; (b) Exide knew that the
Company would not be able to meet its debt repayment obligations
and other pledges and promises under a $200 million revolving
facility, a $675 million bond, and a $55.7 million floating rate
convertible note due in September 2013; and (c) as a result, Exide
knew its environmental liabilities, debt obligations and potential
insolvency supported neither its positive statements to investor
nor its quarterly guidance.
On March 22, 2013, the Company's recycling facility in Vernon
was cited by the South Coast Air Quality Management District (AQMD)
as posing a substantial cancer risk to residents of Southern
California. Then, on April 3, 2013, Los Angeles City Council
members held a public hearing asking the government to press
charges against the Company to correct the health risk posed.
If you suffered a loss in Exide you have until June 14, 2013 to
request that the Court appoint you as lead plaintiff. Your ability
to share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(877) 363-5972, or visit
http://zlk.9nl.com/exide-technologies-xide/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. Attorney advertising. Prior results do
not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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