Clever move: Peanut Corp goes bankrupt
The peanut butter story gets more sordid by the minute. Peanut Corporation of America, owner of the Georgia plant that shipped peanut butter laced with Salmonella, has gone belly up. By filing for bankruptcy, it gets to avoid claims and class action suits related to the illnesses and deaths caused by the tainted peanut butter. Check out what Consumers Union has to say about this ploy.