$100M Deal In Meningitis Outbreak MDL Nears Finish Line

Law360, Los Angeles (March 6, 2014, 6:59 PM EST) -- The trustee of bankrupt New England Compounding Pharmacy Inc. and other parties are close to completing a proposed deal in which victims of a fatal 2012 meningitis outbreak would receive $100 million in multidistrict litigation, they told a Massachusetts federal judge on Wednesday.

Bankruptcy trustee Paul Moore said he and a committee representing the victims have been negotiating and drafting documents since the settlements-in-principle were announced in December, and that they will be completing the deals "shortly."

A fund set up for the victims would have...
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