Peanut Corp. Files for Bankruptcy

By Harry Kimball,  Newser Staff
Posted Feb 13, 2009 2:53 PM CST
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)
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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.