Owners and insurers of a now-bankrupt Massachusetts pharmacy linked to a deadly meningitis outbreak have agreed to pay more than $100 million to compensate victims, families of victims and creditors. The preliminary settlement requires court approval. If approved, the settlement would resolve many claims arising from tainted steroid injections linked to New England Compounding Center Inc. (NECC) of Framingham, Mass.
Settlement funds are expected to come from the owners, insurers, tax refunds and proceeds from the sale of a related business. The settlement requires final documentation and does not cover claims against various clinics that sold the tainted steroid or various vendors used by NECC.
Source: Claims Journal
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