SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses on Their
Investment in Exide Technologies of Class Action Lawsuit and
the Deadline of June 14, 2013 to Seek a Lead Plaintiff Position
NEW YORK, NY -- (Marketwired) -- 05/17/13 -- 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:
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
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 email@example.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.
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
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