Peanut processor's filing lists $11M in assets

March 6, 2009 11:53:27 AM PST
Documents filed in U.S. Bankruptcy Court show the peanut processor at the heart of a nationwide salmonella outbreak has nearly $11.4 million in assets and debts of $4.8 million. The Lynchburg-based Peanut Corp. of America shut down and filed for Chapter 7 bankruptcy last month as the fallout from the outbreak grew.

The outbreak was linked to the company's products and sickened more than 600 people. It also led to one of the largest product recalls in U.S. history, and may have caused nine deaths.

The filing Friday by attorney Andrew S. Goldstein lists 14 lawsuits against the company related to the outbreak. It also lists more than 475 businesses with claims against the company.

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