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Owners Of Pharmacy Tied To Meningitis Get High Pay

Tue, 01/22/2013 - 8:11am

BOSTON (AP) -- Bankruptcy records show that the owners of the Massachusetts pharmacy linked to a nationwide fungal meningitis outbreak that has killed dozens of people pulled millions of dollars out of the company in the last year.

Records show the four family members who co-founded the New England Compounding Center in Framingham received more than $16 million in wages and profits from December 2011 through November.

The filings also show the family members racked up $90,000 on corporate credit cards, including charges made after the company shut down in October. The company filed for Chapter 11 bankruptcy last month

A lawyer for the company's creditors tells The Boston Globe (http://b.globe.com/WcTFQA ) the situation is "tremendously unusual."

A hearing has been scheduled Thursday on a request for an independent trustee to oversee bankruptcy proceedings.

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