Cosmed Says Cancer Suits Defense Costs Fueled Bankruptcy Filing.

Cosmed Group Inc., a company providing pasteurization and sterilization services, filed for bankruptcy due to the costs of defending against personal-injury lawsuits alleging that gas emissions from its facilities caused cancer. The company sought Chapter 11 protection to pause lawsuits and attempt to resolve the litigation. The US Environmental Protection Agency has stated that individuals near Cosmed's facility in Erie, Pennsylvania were at higher risk of developing cancer from ethylene oxide emissions, prompting the company to install controls to reduce the risk. [Extracted from the article]