Dallas Fort Worth Injury Lawyer Blog
Peanut Corporation of America, the company responsible for the nationwide salmonella outbreak, has filed for Chapter 7 bankruptcy protection and will begin liquidating its assets as legal claims pile up against it.
Companies that Lynchburg, Va.-based PCA supplied with peanut products have also filed suit against it, and PCA’s insurer, Hartford Casualty Insurance, has filed a lawsuit in an effort to limit its liability.
PCA’s products have been linked to nine deaths and 636 cases of food poisoning in 44 states.
Federal investigators are probing the company’s processing facilities in Georgia, Texas and Virginia, as well as its owner, Stewart Parnell.
The bankruptcy filings show that the company carries debt with between 100 and 199 creditors and faces between $1 million and $10 million in liabilities. Company assets are listed at being worth between $1 million and $10 million.
PCA carried $24 million worth of personal liability insurance for the period of the alleged contamination, and those funds cannot be used to pay suppliers or other companies that have had been hit with millions of dollars in product recall costs.
If you or a family member has been injured because of the fault of someone else; by negligence, personal injury, slip and fall, car accident, medical malpractice, trucking accident, drunk driving, bad product, toxic injury etc then please contact the Fort Worth Texas Personal Injury Attorney Dr. Shezad Malik. For a no obligation, free case analysis, please call 817-255-4001 or Contact Me Online.