Blue Bell Settles Investor Lawsuit for $60M

Blue Bell Creameries Inc., makers of the iconic Texas Blue Bell ice cream, has agreed to a $60 million settlement with investors who had claimed their interest was dramatically devalued by a 2015 outbreak of Listeria in company plants that could have — and should have — been avoided.

The suit, filed in Delaware, involves investors in Blue Bell Creameries, LP, a limited partnership that served as an investment vehicle for the company. The settlement includes cancellation of a $45.2 million loan made to the limited partnership by Blue Bell Creameries Inc., as well as a $15 million cash payout over two years to investors not involved in running the company.