The former CEO of Exide Technologies is challenging the battery maker’s bankruptcy exit plan, saying it could strip him of more than $4 million in claims against company directors over a severance package he didn’t get.
Exide’s Chapter 11 plan should be amended to allow Victor Koelsch the chance to opt out of third-party litigation releases so he can preserve claims related to his 2018 termination, the former executive said in a filing Monday with the U.S. Bankruptcy Court for the District of Delaware.
Koelsch, who became the chief digital officer of Polaris Inc. earlier this year, won a $4 ...
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