New company seeks to acquire Dippin' Dots product

(AP) NASHVILLE, Tenn. - The frozen treat Dippin' Dots could be rescued from bankruptcy with a request in court this week.

Brentwood inventor Curt Jones came up with the idea of quick-freezing little pellets of ice cream while working in Lexington, Ky., on a project to freeze yogurt bacteria to use in animal feed.

The company he founded makes Dippin' Dots in Paducah, Ky.

The Tennessean reported that on Wednesday, a group of Oklahoma investors who formed Dippin' Dots LLC will ask a U.S. Bankruptcy Court in Louisville for permission to take over the assets of Dippin' Dots, Inc., which filed for bankruptcy late last year.

Jones said the recession and a protracted legal battle nearly ruined the company.


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App