TWO BLUE BELL SHAREHOLDERS FILE LAWSUITS

  

The Houston Chronicle is reporting that a pair of Blue Bell Creameries shareholders have filed lawsuits alleging mismanagement by Blue Bell executives and the company’s board of directors.

Mary Giddings Wenske of Brenham and Jack L. Marchand II of Corpus Christi have both filed lawsuits against Blue Bell Creameries, which has its headquarters and main plant in Brenham.  Both lawsuits claim that Blue Bell and its executives breached their fiduciary duties by letting sanitation problems continue, leading to a listeria outbreak two years ago.  Wenske and Marchand both contend that the listeria contamination damaged the company’s finances and brand, reducing the value of the stock they own.

According to the Chronicle, Wenske’s lawsuit alleges that Blue Bell, its executives and board members “willfully disregarded their obligation to run Blue Bell’s plants to sound industry standards.”  It says that prior to the 2015 recalls, “unsanitary practices and conditions were rampant” within the company’s facilities.

Wenske owns one Blue Bell limited partnership share, and is trustee of a trust that owns an unspecified number of shares.  Marchand owns 29 shares of Blue Bell stock.