Topps Liquidation Leaves Only Scraps For Creditors

Law360, New York (January 15, 2008, 12:00 AM EST) -- A federal judge on Monday signed off on the sale of all of Topps Meat Co.'s assets for more than $1.25 million, essentially closing the beleaguered meat processor's bankruptcy proceedings. But most of the thousands of creditors, including those poisoned by the company's meat, will likely not see a cut of the sale.

Previously one of the largest producers of ground beef in the U.S., the company was forced into bankruptcy after initiating the second-largest beef recall in the nation's history.

On Sept. 25, Topps recalled...
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