PCA Officers, Trustee Settle Defense Funds Dispute

Law360, New York (December 9, 2009, 4:24 PM EST) -- A federal judge has approved a settlement between the trustee winding down Peanut Corp. of America — at the center of a salmonella outbreak that sickened hundreds of peanut product consumers and left nearly a dozen dead — and the company's president and former officers, resolving a dispute over $1 million paid out by an insurance company for PCA's legal defense costs..

Judge Norman K. Moon for the U.S. District Court for the Western District of Virginia approved the settlement Tuesday, saying the deal was in...
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