Tuesday, June 28, 2016
Trustee Describes NECC Payments
By Walter F. Roche Jr.
The trustee for the fund that will pay awards to the victims of the 2012 fungal meningitis outbreak says most of the money spent thus far has gone to a firm hired to handle and process claims.
Lynne F. Riley said today that most of the $253,045.37 went to Epiq, the company handling claims filed by victims of the outbreak.
She said that a $10,400 payment was a quarterly payment to the U.S. Trustee overseeing the bankruptcy.
Riley said she is currently preparing an annual report which will include a detailed accounting of receipts and expenditures.
The fund Riley is overseeing was created under the bankruptcy of the New England Compounding Center, the company blamed for the outbreak.
According to court testimony initial payments to victims are expected in August.