The Glenview, Illinois-based SoyNut Butter Co. has filed for bankruptcy, citing an E. coli outbreak linked to its I.M. Healthy SoyNut Butter as the cause for its financial failure.
Free Confidential Lawsuit Evaluation: If you or a loved one developed an E. coli infection after eating soynut butter, you should contact our law firm immediately. You may be entitled to compensation by filing a suit and our lawyers can help.
What’s the Problem?
May 17, 2017 – The SoyNut Butter Co. revealed in a Chapter 7 bankruptcy filing that it has less than $50,000 in estimated assets, between $1 million and $10 million in liabilities, and up 199 creditors, according to the Chicago Tribune.
Also in the filing, the company stated that potential E. coli contamination in its remaining inventory “poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety.”
On March 4, SoyNut Butter Co. issued a nationwide recall for some of its I.M. Healthy Original Creamy SoyNut Butter after the FDA alerted it to the presence of E. coli in the product.
Three days later, the recall was expanded to include I.M. Healthy Granola. It was later revealed that the FDA had informed it of a positive E. coli test of its products made by a contract manufacturer, Dixie Dew Products.
To date, at least 32 people in 12 states have been diagnosed with the outbreak strain of E. coli O157:H7, which was found in I.M. Healthy SoyNut Butter and the company’s manufacturing facility, according to the Centers for Disease Control and Prevention (CDC). Twelve of the 32 were hospitalized. The company is also facing lawsuits from parents of a number of infected children.
Do I Have a Soynut Butter Class Action Lawsuit?
The Class Action Litigation Group at our law firm is an experienced team of trial lawyers that focus on the representation of plaintiffs in soy nut butter recall lawsuits. We are handling individual litigation nationwide and currently accepting new E. coli cases in all 50 states.
Free Case Evaluation: Again, if you got sick from eating soynut butter, you should contact our law firm immediately. You may be entitled to a settlement by filing a suit and we can help.