Consumers Could Face Hurdles Collecting From Peanut Corp.
Consumers Could Face Hurdles Collecting From Peanut Corp.
The peanut processor linked to a nationwide salmonella outbreak that has sickened hundreds may not have sufficient assets to cover claims filed by those injured by its products. According to a recent bankruptcy filing, Peanut Corp. of America will not use more than $7 million in assets to cover consumer lawsuits but instead will use the money to pay off other businesses. However, an attorney familiar with the matter said he believes a separate insurance policy will ultimately cover most claims. AP, Richmond Times-Dispatch 03/07/2009
Read Article: Richmond Times-Dispatch
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