Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline In The Class
Action Lawsuit Against Exide Technologies
LOS ANGELES -- May 25, 2013
Glancy Binkow & Goldberg LLP announces that purchasers of the common stock of
Exide Technologies (“Exide” or the “Company”) (NASDAQ:XIDE) between February
9, 2012 and April 3, 2013 (the “Class Period’) have until June 14, 2013 to
file a motion with the Court to be appointed as lead plaintiff. The
shareholder lawsuit was filed in the United States District Court for the
Central District of California.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW &
GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212)
682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM. IF YOU INQUIRE BY EMAIL
PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES
The Complaint alleges that during the Class Period defendants knew but
misrepresented or failed to disclose to the investing public that: (a) Exide
was polluting the environment with potentially fatal levels of arsenic, and
exposing almost 110,000 residents near its Vernon, California, battery
recycling facility to dangerously high levels of pollutants; (b) Exide knew,
based on actual and projected revenues and expenses, 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 Exide’s statements to investors that
the Company was solvent, its quarterly guidance, nor the inflated share price
targets the investment community was modeling based on defendants’ Class
Period statements and guidance.
To learn more about this action or if you purchased Exide stock prior to the
Class Period or have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Michael Goldberg,
Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100,
Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite
2920, New York, New York 10168, at (212) 682-5340, by e-mail to
email@example.com, or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
Glancy Binkow & Goldberg LLP, New York, NY
(212) 682-5340 or (888) 773-9224
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