President of Drug Compounding Firm Must Forfeit $7.5 Million

President of Drug Compounding Firm Must Forfeit $7.5 Million

The owner of a drug compounding company who was convicted of racketeering and fraud in regard to a deadly meningitis outbreak in 2012 has been ordered to forfeit $7.5 million. Barry Cadden is the former president and part owner of the New England Compounding Center (NECC). The drug company distributed contaminated drugs that led to the meningitis outbreak. The government says it will give the forfeited money to the victims of the outbreak.

However, this forfeiture order is separate from any restitution order Cadden might be forced to pay to the victims. This is important, as federal prosecutors have also filed a motion to have Cadden pay $73.7 million in restitution to 349 victims.

Cadden Serving 9-Year-Sentence

Cadden is currently serving a nine-year sentence for racketeering, fraud and conspiracy. According to the prosecutors of his case, Cadden ran NECC as a criminal enterprise that sold substandard, non-sterile drugs. The drugs were produced in unsanitary conditions, then shipped throughout the country. This led to a nationwide meningitis outbreak in 2012. In all, 778 patients were harmed by contaminated steroids from the drug compounding company, and 76 died from their injuries.

“This individual’s carelessness and greed resulted in death and injury to many people. There must be serious consequences for such reckless disregard for human life,” said Attorney Walter Clark, founder of Walter Clark Legal Group.

Our firm has been handling personal injury cases throughout the California Low Desert and High Desert communities for over 30 years. With a 95% success rate, the California personal injury attorneys at Walter Clark Legal Group will fight to hold those responsible for your loss accountable and win compensation to cover medical bills, lost wages, and pain and suffering. If you have been injured by a drug and want to discuss your legal options, contact us today at (760) 777-7777 for a free consultation with an experienced personal injury lawyer. We have offices in Indio, Rancho Mirage, Victorville, and Yucca Valley and represent clients through the entire California Low Desert and High Desert communities.

DISCLAIMER: The Walter Clark Legal Group blog is intended for general information purposes only and is not intended as legal or medical advice. References to laws are based on general legal practices and vary by location. Information reported comes from secondary news sources. We do handle these types of cases, but whether or not the individuals and/or loved ones involved in these accidents choose to be represented by a law firm is a personal choice we respect. Should you find any of the information incorrect, we welcome you to contact us with corrections.