NECC files for bankruptcy protection
Pharmacy linked to deadly meningitis outbreak
A Massachusetts pharmacy connected to a deadly meningitis outbreak has filed for bankruptcy protection.
The Chapter 11 filing Friday by the New England Compounding Center in U.S. Bankruptcy Court seeks to establish a fund to compensate those affected by the nationwide outbreak.
Contaminated injections from the company have been blamed for 39 deaths and 620 illnesses nationwide. The company says in the filing it hopes to achieve a quicker and fairer payout to creditors than it could through piecemeal litigation.
Lowey says in a statement it’s “difficult to comprehend the sense of loss so many people have experienced.” He says the company recognizes the need to fairly compensate those affected.
via NECC files for bankruptcy protection | WPRI.com.