NECC Tort Claimants Envision $100M Fund, Reorganization Plan By December 2013`

NECC Tort Claimants Envision $100M Fund, Reorganization Plan By December 2013`

BOSTON - A bankruptcy committee representing tort claimants against New England Compounding Center (NECC) on May 2 told a federal court that its objective is to get a reorganization plan confirmed for December that will provide for distributions to tort victims and other creditors from aggregate contributions to the plan exceeding $100 million (In Re: New England Compounding Pharmacy, Inc. Products Liability Litigation, MDL Docket No. 2419, No. 1:13-md-2419, In Re: New England Compounding Pharmacy Cases, No. 12-12052, D. Mass.).

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