The trustee of bankrupt New England Compounding Pharmacy Inc. (NECC) and others have concluded the $100 million settlement with victims of contaminated steroid injections that led to a fatal 2012 meningitis outbreak. This settlement resolves class claims filed against the products’ compounder. Lawyers representing the committee said the victims could be receiving compensation as early as next year. More compensation will also come from other companies that contributed to the victims’ losses. The settlement will require court approval.
This settlement had to overcome a number of obstacles. Lots of folks were hurt by the conduct of the compounding pharmacy. Kimberly Dougherty of Janet Jenner & Suggs, counsel to the Plaintiffs steering committee, had this to say about the settlement:
There are hundreds of victims and their families feeling some relief today, even though grief for many is still fresh. This tragedy claimed the lives of mothers, fathers, spouses, grandparents; no amount of money is going to make these losses easier to bear.
The $100 million settlement is the most recent development in the multidistrict litigation concerning the tainted injections that ultimately killed 64 people and injured more than 750 in 20 states. Under the terms of the settlement, the New England Compounding Center owners will contribute more than $60 million to the settlement. Insurance companies representing the NECC will pay more than $25 million. An additional $9 million will be paid when the sale of a related company is completed. All of the lawyers who worked for the victims in this litigation did very good work for their clients.
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