Bankruptcy estate of meningitis-linked pharmacy to battle states

BOSTON (Reuters) - The bankruptcy estate of the pharmacy linked to a deadly U.S. meningitis outbreak plans to battle nearly 30 states to preserve its right to redeem several million dollars worth of insurance policies for creditors. The insurance policies are key assets in New England Compounding Center's bankruptcy estate. Paul Moore, the trustee for NECC's bankruptcy estate, requested court approval to hire Collora LLP, a Boston law firm known for its high-profile defense work, according to documents filed on Friday. Collora would battle pharmacy board regulators from at least 28 states and contend with an ongoing, previously disclosed investigation by the U.S. Justice Department, according to the trustee. raed more at: http://news.yahoo.com/bankruptcy-estate-meningitis-linked-pharmacy-battle-states-222013473.html