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Exide Targeted in Federal Criminal Probe of California Plant

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Exide Technologies has been hit with a grand jury subpoena in connection with a criminal investigation involving its Vernon, Calif., lead-recycling plant, Dow Jones Daily Bankruptcy Review reported today. In a filing with the Securities and Exchange Commission, the battery maker revealed that the Aug. 8 subpoena seeks "documents relating to materials transportation and air emissions." Exide itself and "certain unidentified individuals" are targets of the investigation" being conducted by the Justice Department in the Central District of California, the SEC filing says.