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Barry Cadden

Tuesday, November 20, 2012

Judge Asked to Freeze $500M in Assets from Framingham Pharmacy and Its Owners

U.S. District Judge Dennis Saylor has ordered an expedited hearing to determine whether to freeze at least $461 million in assets belonging to New England Compounding Center, its owners and two related companies, according to court records.

  A federal judge in Boston is expected to hear arguments today, Nov. 20, on whether to freeze nearly $500 million in assets, including luxury homes, related to New England Compounding Center, the Framingham-based specialty pharmacy linked to a deadly U.S. meningitis outbreak, reported Reuters. U.S. District Judge Dennis Saylor has ordered an expedited hearing to determine whether to freeze at least $461 million in assets belonging to New England Compounding Center, its owners and two related companies, according to court records. The fungal meningitis outbreak, linked to New England Compounding Center on Waverly Street in Framinghan, has killed 34 patients and infected almost 500  individuals in 19 states. The judge granted the request …

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