The Peanut Corporation of America is at the center of the Salmonella food poisoning outbreak that has killed 9 people.
They went for the big one, chapter 7 bankruptcy.
So why is this on an Economics blog?
Because chapter 7 will not allow all of those harmed to sue in civil action against this company. This is a complete liquidation of all assets. Everything is sold off and proceeds go to existing creditors.
Now China has a tendency to kill executives who allow people to be poisoned. There are criminal proceedings against this company but typically corporate crime in the United States gets a slap on the wrist.
Where was the FDA in all of this? (in all of those, in this poisoning, in that one, in the next one).