Sunday, May 3, 2015

Tuesday Deadline for NECC Ballots Imminent

The deadline for casting ballots on the proposed liquidation plan for the company blamed for the 2012 fungal meningitis outbreak is Tuesday at 4 p.m.
According to court filings all known victims of the outbreak or their survivors were sent mailing instructions along with their ballots several weeks ago.
Under the plan some $220 million would be made available for victims and creditors.
During a court hearing last week, lawyers for victims noted that ballots must be delivered to the firm overseeing the bankruptcy by 4 p.m. Tuesday. Ballots postmarked on May 5 but not delivered by 4 p.m. won't be counted.
The liquidation plan is scheduled to be the subject of a May 19 hearing before U.S. Bankruptcy Court Judge Henry J. Boroff.
In a filing late last week bankruptcy trustee Paul D. Moore disclosed that the ballots submitted so far have been overwhelmingly in support of the plan with more than 99 percent favoring it.

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