By Walter F. Roche Jr.
The final payments to victims of the 2012 fungal meningitis outbreak will start to be distributed next month, several months earlier than previously predicted.
Lynne Riley, the overseer of funds collected for the hundreds of victims, said payments will begin in April, assuming the release of the funds comes as scheduled.
The funds have been held in escrow because the time for the IRS to contest money in the fund had not expired.
Riley said she is awaiting word from a court appointed attorney on the exact amount being released within the next few days. Previously the total was estimated at $11.5 million.
The disclosure means checks will begin flowing well before the earlier predicted date in June.
The checks will be the third wave of relief for the victims. Prior distributions totaled more than $100 million and went to a little over 2,000 victims.
The final payment will come from tax refunds collected from the owners of the New England Compounding Center, the company blamed for the deadly outbreak. The owners agreed to give up a portion of the tax refunds as part of a court approved settlement.
Contact:wfrochejr999@gmail.com
No comments:
Post a Comment