California has rejected a proposed settlement with Exide Technologies LLC, roiling the lead-acid battery maker’s push to walk away from a legacy of toxic contamination by way of bankruptcy court. Exide, in bankruptcy court for the third time in 16 years, failed to make good on the promises it made to California on its last trip through chapter 11, Daniel Cantor, a lawyer for the state’s Department of Toxic Substances Control, said at a hearing Wednesday in the U.S. Bankruptcy Court in Wilmington, Del. According...

Source: Wall Street Journal September 23, 2020 17:55 UTC