Judge Partially Grants Class Certification In Securities Class Action Suit

(December 24, 2015, 9:09 AM EST) -- LOS ANGELES — A federal judge in California on Dec. 17 partially granted class certification in a securities class action lawsuit, ruling that shareholders have properly shown that certification of secondary claims is warranted (David M. Loritz, et al. v. Exide Technologies, et al., No. 13-2607, C.D. Calif.; 2014 U.S. Dist. LEXIS 111491).

Shareholders filed a securities class action lawsuit against Exide Technologies’ executive officers and directors, alleging that the defendants issued a series of false and misleading statements regarding Exide’s lack of compliance with environmental...
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