A Massachusetts bankruptcy judge has approved New England Compounding Center’s (NECC) Chapter 11 plan, which provides up to $200 million in payouts to those affected by a 2010 meningitis outbreak that killed at least 64 people and resulted in the company going into bankruptcy. U.S. Bankruptcy Judge Henry J. Boroff signed off on the deal, which was introduced in December and sets aside a minimum of $135 million for a trust that will distribute settlements to resolve about 3,500 personal injury or death claims against NECC.
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