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Peanut company files for bankruptcy

The embattled Peanut Corp. of America has filed for bankruptcy in the Western District of Virginia. The Lynchburg-headquartered company is facing a federal criminal investigation and an expected flood of lawsuits over peanut products allegedly tainted with salmonella bacteria. PCA's insurance company recently filed suit in Lynchburg, asking a judge to limit the insurer's exposure for ...

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