Embattled peanut company files for bankruptcy
Peanut Corporation of America has filed for bankruptcy protection amid an ongoing investigation into a salmonella outbreak that has been linked to nine deaths.
The move is being called a sign the embattled company plans to shut down.
“It’s regrettable, but it’s inevitable with the events of last month,” said Andrew S. Goldstein, a bankruptcy lawyer in Roanoke, Va., who filed the petition.
More than 600 people in 44 states have been sickened during the outbreak, which has been traced to peanut products originating at the company’s plant in Georgia. Four of them were in Oklahoma.
The outbreak has led to the recall of more than 2000 peanut butter products.
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