A bankruptcy court judge has frozen the assets of the owners of a Massachusetts pharmacy blamed for a deadly meningitis outbreak. Judge Henry Boroff’s order Friday at a hearing in Springfield forbids the owners of the New England Compounding Center from spending or moving their assets, except to pay living expenses or legal bills. The courtroom order was issued at the request of a creditors’ committee and applies to owners Barry Cadden, Lisa Cadden, Greg Conigliaro, and Carla Conigliaro. The committee worried that the owners’ assets would be further depleted before creditors are paid. The meningitis outbreak is blamed for 44 deaths. The owners face dozens of lawsuits. The Framingham-based company says it has $400,000 in net assets.
Judge freezes pharmacy owners’ assets
By Jay Lindsay| Associated Press January 26, 2013
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