Share “Filings to date show $20M for pharmacy owners”

Filings to date show $20M for pharmacy owners

Published on NewsOK Modified: February 20, 2013 at 12:38 pm •  Published: February 20, 2013
Advertisement

SPRINGFIELD, Mass. (AP) — Filings to date in the bankruptcy case of a pharmacy tied to a deadly meningitis outbreak show its owners have about $20 million in frozen bank and investment accounts.

The filings, first reported by the Tennessean (http://tnne.ws/WQRqBS), came after a judge last month froze the assets of Barry and Lisa Cadden, and Gregory Conigliaro and Carla Conigliaro of the New England Compounding Center.

Creditors requested the freeze, citing worries the assets would be depleted before mounting lawsuits were resolved.

The filings indicate Gregory Conigliaro and Carla Conigliaro have about $3.4 million combined at Middlesex Savings Bank. Bank of America has about $6.5 million is the name of all four. And Carla Conigliaro has about $10 million in a Charles Schwab account.

An NECC-produced steroid has been linked to a fungal meningitis outbreak that's killed 47.