EXIDE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick &
Foti, LLC Reminds Investors With Losses in Excess of $100,000
of Lead Plaintiff Deadline in Class Action Lawsuit Against Exide
Technologies - XIDE
NEW ORLEANS, LA -- (Marketwired) -- 04/17/13 -- Kahn Swick & Foti,
LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they have
until June 14, 2013 to file lead plaintiff applications in a
securities class action lawsuit against Exide Technologies (NASDAQ:
XIDE), if they purchased the Company's securities during the period
between February 9, 2012 and April 3, 2013, inclusive (the "Class
Period"). This action is pending in the United States District Court
for the Central District of California.
What You May Do
If you purchased shares of Exide and would like to discuss your legal
rights and how this case might affect you and your right to recover
for your economic loss, you may, without obligation or cost to you,
e-mail or call KSF Partner, Melinda Nicholson at
email@example.com or toll free at 1-877-515-1850. If
you wish to serve as a lead plaintiff in this class action, you must
petition the Court by June 14, 2013.
About the Lawsuit
Exide and certain of its executives are charged with issuing
materially false and misleading statements, as well as failing to
disclose material adverse facts about the Company's business,
operations, and prospects, during the Class Period, in violation of
federal securities laws.
These false statements and omissions included, in part, the
following: (a) Exide was exposing residents near its Vernon,
California, facility to dangerously high levels of arsenic and other
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; and (c) as a result, Exide
knew its environmental liabilities, debt obligations and potential
insolvency supported neither Exide's statements to investors nor its
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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