Mo. Couple Who Won $20M in Suit Going Bankrupt

3 years 4 months 4 hours ago October 14, 2012 Oct 14, 2012 Sunday, October 14 2012 Sunday, October 14, 2012 3:19:00 PM CDT in News
By: Associated Press

JOPLIN (AP) - A southwest Missouri couple who won a $20 million verdict from the makers of a butter flavoring used at a popcorn plant have filed for bankruptcy.

The Joplin Globe reports Eric and Cassandra Peoples of Carthage also are being forced to sell the home they built for $3.9 million.

The couple filed Chapter 7 bankruptcy last month in federal court in Springfield. Their petition lists the current value of their residence at $700,000 and personal property assets of nearly $33,000. They claim liabilities of more than $611,000.

The couple won a $20 million verdict in 2004 against International Flavors and Fragrances Inc., and Bush Boake Allen Inc. They claimed Eric Peoples suffered an irreversible lung disease because of the flavoring used at a popcorn plant where he worked.

 

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