Friday, October 17, 2014

NEW BANKRUPTCY OPINION: IN RE NEW ENGLAND COMPOUNDING PHARMACY, INC., PRODUCTS LIABILITY LITIGATION – DIST. COURT, D. MASSACHUSETTS, 2014 OCTOBER 16, 2014

N RE: NEW ENGLAND COMPOUNDING PHARMACY, INC., PRODUCTS LIABILITY LITIGATION.
MDL No. 13-02419-RWZ.
United States District Court, D. Massachusetts.
October 9, 2014.
ORDER LIMITING DISCOVERY AND STAYING THESE PROCEEDINGS WITH RESPECT TO NECC INSIDERS AND RELATED SETTLING PARTIES
RYA W. ZOBEL, District Judge.
Paul D. Moore, the Chapter 11 trustee (the “Trustee”) of New England Compounding Pharmacy, Inc. d/b/a New England Compounding Center (“NECC”), has entered into three settlement agreements (the “Settlements”) resolving potential claims against various parties in exchange for, among other things, substantial contributions of assets and cash to the NECC bankruptcy estate. The Settlements have been approved in NECC’s pending Chapter 11 case by the United States Bankruptcy Court for the District of Massachusetts.
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