Meningitis Victims Try To Freeze Nearly $500 Million In Assets

There are so many unknowns in this case that we need to take this step to safeguard our clients interests and the interests of the hundreds of people we believe were injured by the negligence of NECC and it’s owners.

- Attorney Thomas Sobol

A federal judge in Boston on Tuesday is expected to hear arguments on whether to freeze nearly $500 million in assets, including luxury homes, related to New England Compounding Center, the pharmacy linked to a deadly U.S. meningitis outbreak, Reuters reports.

U.S. District Judge Dennis Saylor has ordered an expedited hearing to determine whether to freeze at least $461 million in assets belonging to NECC, its owners and two related companies, court records show. Saylor granted the request after plaintiffs’ attorneys argued that NECC and its owners could conceal assets in order to avoid judgment in a growing number of cases being filed in the federal court system.

The Centers for Disease Control and Prevention said 34 people have died and 490 have been injured after Framingham, Massachusetts-based NECC shipped thousands of fungus-tainted vials of methylprednisolone acetate to medical facilities throughout the United States. The steroid was typically used to ease back pain.

NECC and sister company Ameridose have been shut down as U.S. regulators and law enforcement investigate what happened.

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