Blue Bell Creameries Inc. directors agreed to a $15 million settlement resolving claims that their alleged mismanagement led to a 2015 listeria outbreak that forced the ice-cream maker to recall all products.
The deal means a Blue Bell shareholder won’t get a chance at an April 27 trial to determine whether Blue Bell’s board did enough to oversee the cleanliness of the company’s plants. Delaware Chancery Court Judge Joseph Slights III must approve the deal.
Blue Bell officials agreed to settle to cut down the “expense, inconvenience and distraction” the listeria allegations caused, according to a filing Friday in Chancery Court. The $15 million in cash will be returned to the company under the terms of the deal.
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