Judge Freezes Assets Of Execs Tied To Meningitis Outbreak

Law360, New York (January 28, 2013, 6:28 PM ET) -- A Massachusetts bankruptcy judge on Monday froze the assets of executives of the bankrupt New England pharmacy implicated in a deadly meningitis outbreak, about a week after the pharmacy’s unsecured creditors accused its principals of “looting” more than $21 million before filing for bankruptcy.

U.S. Bankruptcy Judge Henry J. Boroff granted an emergency injunction filed by New England Compounding Center's unsecured creditors’ committee, which had sought an order preventing the company’s former executives from selling off assets that might prevent the recovery of about $21 million...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers