NECC owner bought $2.4M home here this spring

When Republicans insist that there are too many business regulations, this story of widespread tragedy should come to mind. How do you place a price on the human toll?  

As the death toll mounts, the Boston Globe offered the tragic case of the first victim, a Tennessee man, in the fungal meningitis outbreak caused by NECC that highlights the difficulty of detection --

As meningitis death toll rises to 21, physicians detail the first case

By Carolyn Y. Johnson, Globe Staff
10/19/2012

http://www.boston.com/whitecoatnotes/2012/10/19/meningitis-death-toll-rises-physicians-detail-the-first-case/X6uJ5sQFLioHd5ODKXHLoM/story.html


With the death toll at 21, bankruptcy is predictable, additional names added to the list --

Bankruptcy likely for Framingham firm linked to meningitis infections
New England Compounding Center lawyers say action would stem flow of lawsuits

The US Food and Drug Administration said the fungus causing the fungal meningitis outbreak was in one lot of vials made in August by the New England Compounding Center, which is at the center of the national investigation into hundred of fungal meningitis cases, including at least 21 deaths.

By Todd Wallack

Globe Staff / October 19, 2012

Peter McGrath, a former federal prosecutor representing a New Hampshire patient, has asked a judge to place a lien against the personal property of three company directors: ­Gregory Conigliaro, his sister Lisa Conigliaro Cadden, and brother-in-law Barry Cadden. A hearing is scheduled Nov. 6 in Middlesex Superior Court.

Boston attorney Fredric ­Ellis, representing a Michigan patient, said it can be difficult to “pierce the corporate veil” and hold officers accountable for their companies’ actions. But Ellis said he sued Barry Cadden, in addition to the company, because Cadden is also listed in state licensing records as the pharmacist of record for New England Compounding.

“He is responsible,” Ellis said.

Jazlowiecki said he is trying to find out whether any suppliers or related companies could be partially responsible for the fungal contamination, such as Conigliaro’s recycling business, located next to New England Compounding.

http://www.boston.com/business/technology/2012/10/19/new-england-compounding-center-likely-file-bankruptcy-stop-flood-lawsuits/PuUIIvr1CVFy7nubfbTbwO/story.html

NECC owner bought $2.4M home here this spring

10/20/12 · 7:39 am :: posted by CCToday

 

TODAY's quote: "We want to pierce the corporate veil and go after the individuals.
My clients are in a lot of pain.” - Attorney Peter McGrath.

 

Owner tied to meningitis outbreak owns $2.4M Cape Cod home

 

Views of the waterfront home in Barnstable at 155 Salten Point Road.

By Walter Brooks

The Conigliaro companies & NECC are in the same building in Framingham.The owners of the New England Compounding Center (NECC) spent several million dollars on luxury homes, including one in Barnstable, in the months before U.S. authorities shut down their operations.
The Insurance Journal reports that members of the Boston-area family who own the New England Compounding Center and related companies which are linked to the deadly meningitis outbreak, spent several million dollars in the Spring of this year.

Greg Conigliaro, who is one of the owners of NECC and Ameridose, paid $2.4 million for a beachfront home at 155 Salten Point Road in Barnstable this spring.

Meanwhile the New York Times interviewed eight former employees at NECC and Ameridose, a related company with FDA approval as a manufacturer. Some defended the company, but six said that a corporate culture encouraged shortcuts, even when it compromised safety. At Ameridose, a pharmacist complained to management that quality control workers, who were not trained pharmacists, did work they shouldn't have done.

Read the Insurance Journal report here.

See the list of health facilities affected here.

http://www.capecodtoday.com/news/EXTRA/2012/10/20/necc-owner-bought-2-4m-home-here