Third Payment to Victims in March

By Walter F. Roche Jr.

Victims of the 2012 fungal meningitis outbreak can expect checks totaling a little over $11 million in March of 2021, according to attorneys involved in distributing the remaining funds.
The $11 million is currently being held in escrow and still could face a challenge from the IRS.
The money represents a portion of the tax refunds gained by the former owners of the New England Compounding Center, the defunct company blamed for the deadly outbreak.
Paul Moore, the Boston attorney who oversaw the bankruptcy, said that in addition to the $11 million in escrow, another $425,000 has been released from escrow and has been forwarded to Lynne Riley, who is in charge of the distributions.
The tax refund money going to victims was part of a settlement reached in the bankruptcy.
Riley said the distributions will begin once the deadline for the IRS to challenge the refunds has passed. That will occur in March of 2021.
The $11 million is in addition to the nearly $100 million already distributed in two waves of payments to some 2,027 victims.
Still other payments totaling $48.8 million have gone to victims who were injected with tainted methylprednisolone acetate at three clinics, Inspira Health, Insight Imaging and the High Point Surgery Center.
Contact: wfrochejr999@gmail.com