A potential settlement in Federal Court will create a 100 million fund for victims of the Meningitis outbreak caused by a Massachusetts pharmaceutical company. The outbreak of meningitis caused by a tainted steroid has sickened over 700 people and killed 64 according to the Center for Disease Control. Victims were from over twenty states with Michigan, Tennessee and Indiana the hardest hit.
The pharmaceutical company filed bankruptcy soon after the outbreak hit. Under federal bankruptcy laws, the company would not have to pay their civil lawsuits and debts. As part of the agreement to enter bankruptcy, a trust fund worth approximately 100 million has been created to aid the victims.
Meningitis is a very serious illness which inflames the lining of the spinal cord and brain. It can result in paralysis and death. If approved the money will be set aside to pay the victims much like the multi-billion dollar trust created for asbestosis/mesothelioma victims created by the manufacturers of asbestos.