Articles by Tim McLaughlin

Bankrupt Meningitis Pharmacy Battles States Over Insurance

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 …

Fidelity Investments Challenged Over Use of ‘Float Income’

Fidelity Investments, the largest U.S. provider of workplace retirement plans, is facing more accusations it improperly uses customer money earned in overnight accounts to pay its own operating expenses. Three Massachusetts residents accused Boston-based Fidelity on Thursday of using income …

Northeast Blizzard Hit Like a Hurricane

A blizzard packing hurricane-force winds hammered the northeastern United States on Saturday, cutting power to 700,000 homes and businesses, shutting down travel and leaving at least nine people dead. The mammoth storm that stretched from the Great Lakes to the …

Meningitis Toll Rises; Pharmacy Owners Sued

Executives at the Boston-area pharmacy whose steroid shots have been linked to a deadly U.S. meningitis outbreak have been sued in a bid to freeze their personal assets, while the death toll in the scandal rose to 21, with 268 …

Lawsuit Targets Assets of Officers of Pharmacy Tied to Meningitis Outbreak

The officers behind New England Compounding Center have been targeted in a lawsuit that seeks to freeze their personal assets, the latest fallout for the pharmacy linked to the deadly meningitis outbreak. Peter McGrath, a former federal prosecutor, said he …