Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Exide
NEW YORK, April 5, 2013
NEW YORK, April 5, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein,
Gewirtz & Grossman, LLC is investigating potential claims on behalf of
purchasers of the securities of Exide Technologies ("Exide" or the "Company")
(NasdaqGS: Xide). The investigation focuses on whether the Company and its
executives violated federal securities laws.
Exide operates a recycled lead acid battery smelting facility in Vernon,
California. On March 22, 2013, the South Coast Air Quality Management
District publicized a health risk assessment from Exide showing that the
Vernon facility exposed workers and residents living in an area that extends
from Boyle Heights to Maywood and Huntington Park to potentially cancerous
levels of arsenic. Then on April 3, 2013, after close of business, an L.A.
City Council committee instructed the Los Angeles City Attorney's office to
explore legal action against Exide. The City Attorney was instructed to take
action seeking to ensure that Exide addressed the City Council's concerns
"immediately". On April 4, 2013, Debtwire reported that Exide had engaged
Lazard and Akin Gump Strauss Hauer & Feld LLP to advise on a restructuring.
The investigation concerns allegations that Exide issued misleading statements
or failed to disclose material adverse facts concerning the Company's
operations. On April 4, 2013 shares of Exide's stock fell 47% below the
previous day's closing price, before trading was halted.
If you are aware of any facts relating to this investigation, or purchased
shares of Exide, you can assist this investigation by contacting Peretz
Bronstein of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email
email@example.com. Those who inquire by e-mail are encouraged to include their
mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf of
our clients. In addition to representing institutions and other investor
plaintiffs in class action security litigation, the firm's expertise includes
general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC
Press spacebar to pause and continue. Press esc to stop.