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FRIDAY, NOVEMBER 27, 2009
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Peanut Corp. Files for Bankruptcy

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(Newser) – The latest victim of the nationwide salmonella outbreak is the Peanut Corporation of America, which filed for Chapter 7 bankruptcy today, the Lynchburg News & Advance reports. “Given the events of the past month, including the broad-based recalls, the company has no alternative but to cease operations,” a lawyer for the scandal-plagued firm said.

Rep. Bart Stupak watches as Rep. Greg Walden holds up a container of food items that were recalled due to the recent salmonella outbreak.
Rep. Bart Stupak watches as Rep. Greg Walden holds up a container of food items that were recalled due to the recent salmonella outbreak.   (AP Photo)
Jeff Almer's mother, 72-year-old Shirley Mae Almer, shown in a family photo, died after eating tainted peanut butter.
Jeff Almer's mother, 72-year-old Shirley Mae Almer, shown in a family photo, died after eating tainted peanut butter.   (AP Photo)
A container of King Nut peanut butter is seen contaminated with salmonella.
A container of King Nut peanut butter is seen contaminated with salmonella.   (AP Photo)
A sheriff's deputy leaves the Peanut Corporation of America processing plant in Blakely, Ga.
A sheriff's deputy leaves the Peanut Corporation of America processing plant in Blakely, Ga.   (AP Photo)
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5 comments
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markhebert42
Feb 13, 09 3:41 PM CST
they should all go to prison. Reply
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tmoore
Feb 13, 09 4:04 PM CST
"The latest victim of..."; The company that caused the problem is a victim... really? Reply
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lthurman
Feb 13, 09 7:28 PM CST
The Chinese take plant managers out and shoot them. Hmmmm. Reply
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justme
Feb 13, 09 7:46 PM CST
We don't shoot failed CEO's. We give them multi-million dollar "bonuses." Unless there are criminal prosecutions, these people will only reopen this firm under a new name in a new place. The losers? Their former workers and the American public. Reply
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radnip
Feb 16, 09 3:44 AM CST
This is how today's business is run: Take all the money for as long as possible and run the business into the ground. But I don't blame these businessmen, because they are following the culture that's been presented to them by our country's leadership for the last 20some years. Reply
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