Insurers Agree to Settle Meningitis Cases

A major settlement reached with insurance companies will provide “a very significant amount” for victims in a nationwide fungal meningitis outbreak, says bankruptcy trustee Paul D. Moore, who has been handling the cases filed against the New England Compounding Center. Moore announced on Friday that an agreement had been reached with the company's primary insurer. He also said there was an agreement with the insurer for another defendant in a series of civil suits that have been merged before a federal judge in Boston. The settlement is still subject to court approval, though parties on both sides applauded the plan. Read more in The Tennessean.