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: Marler BlogPeanut Corporation of America Bankruptcy Hearing Attended by Lawyers for Victims of Salmonella
By Bill Marler, Esq.
According to press reports today, although today's hearing concerns bankruptcy matters (court documents filed March 6 show Peanut Corp. has almost $11.4 million in assets and $4.8 million in debt. It has nearly 500 creditors), attorneys representing people with salmonella injury and death claims against the peanut processor showed up as well. Attorney Bruce Clark, of Seattle-based law firm Marler Clark, represents 85 claims against Peanut Corp., including two deaths.
'PCA, when the dust settles, will have nothing. But one thing it does have is an insurance policy that will address bodily injury claims,' Clark said outside the courthouse this morning.
'The creditors are going to take a bath, that's for sure. We hope if we lawyers representing injured persons do our job, our clients are going to get a full and fair recovery from insurance assets,' Clark said.
Full post as published by Marler Blog on March 12, 2009 (boomark / email).
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