Lisa Cadden, 50, filed a court petition in Boston Massachusetts to protect her riches and stop court from seizing more than $3.6M in assets, including $1.5M trust fund
Cadden, 50, is the wife of pharmaceutical exec who was convicted in meningitis outbreak that killed 76 begs to keep her mansion, beach house, diamonds and BMW
Lisa, also a pharmacist filed the suit as the court now seeks family wealth to pay $7.5M judgement to victim’s families
Husband Barry Cadden, 51, is serving nine years for racketeering and fraud after foul conditions at his pharma firm, NECC, was linked to the deaths in 2012 meningitis outbreak
Pharmacist Barry Cadden,was sentenced to nine years in prison in March after he was convicted for racketeering and fraud for his role in a 2012 meningitis outbreak
Six months into his nine-year sentence, the wife of a pharmaceutical executive who was convicted in a horrendous malpractice suit that saw a fungal meningitis outbreak that killed 76 people is praying the courts to protect his assets from seizure and forfeiture that will fund the restitution owed his victims’ families.
50-year-old Lisa Cadden has requested that the court in Boston, Massachusetts not force her into forfeiture of her diamonds, mansions, and a performance BMW.
Lisa Cadden, 50, and her three children filed a petition with the US District Court of Massachusetts seeking to protect $3.6million of family riches from a court-ordered seizure for victim restitution, the Boston Herald reported.
Her husband Barry Cadden, 51, was the co-founder and former president of the now-defunct New England Compounding Center (NECC), which shipped contaminated steroid injections to 23 states in 2012, causing an outbreak of fungal meningitis. He was subsequently convicted on racketeering and fraud charges and sentenced in June to serve nine years in prison.
The conviction also carried a hefty $7.5million restitution commitment as part of the plea. However, Barry Cadden’s wife Lisa, a pharmacist who also worked at the company but was not criminally charged, is seeking to protect their riches from the $7.5million restitution judgement, the court mandated settlement package for the victims of the outbreak.
Barry Cadden [center] was sentenced to nine years in prison in June, after being convicted over an outbreak caused by his company’s medication. His wife Lisa, a pharmacist who also worked at the company but was not criminally charged. wants the restitution part of the judgement, essentially to go away.
In her petition, Lisa Cadden is praying the courts to protect the a $1.5million trust fund, which was established in 2007.
The family also petitioned to keep their $1.4million mansion in Wrentham, Massachusetts as well as an oceanfront vacation home in North Kingstown, Rhode Island assessed at $594,300.
As well, the Caddens asked the court to let them keep a red BMW M3 purchased for $86,662 and $26,000 in diamonds bought from DeScenza.
The petition came in response to Judge Richard G. Stearns’ preliminary order that those assets be forfeited to help compensate victims.
Victims and their family members reacted with disgust at news of the Caddens’ plea to void the judgement by stripping off sources of the victim fund.
he Lisa Caddens is seeking to keep a red BMW M3 purchased for $86,662, that is destined for the victim fund
‘It may not be Christian of me, but as far as I’m concerned, Barry Cadden, his wife and children can end up in a trailer park,’ Kathy Pugh of Michigan told the Boston Herald.
Her mother, Evelyn Bates-March, 86, died February 28 of respiratory failure nearly five years after developing an abscess on her spine from an NECC shot.
‘This doesn’t surprise me. It’s always been about the money,’ Pugh said of the petition.
The scandal first unfolded in 2012, when more than 800 people were sickened and at least 76 eventually died.
The outbreak spread through steroid injections contaminated with a common mold that is normally harmless, but caused major complications when injected directly into patients’ spinal columns.
Prosecutors said Barry Cadden, the compounding pharmacy’s head pharmacist, ran his company as a criminal enterprise, selling substandard and non-sterile drugs to medical facilities nationwide.
They said he directed the shipment of 17,600 vials of contaminated steroids often prescribed for back pain despite knowing they were made in unsafe conditions, leading to the outbreak.
Barry Cadden was convicted of the lesser charges of fraud and racketeering by a federal jury in Boston but cleared of the harshest charges he faced, second-degree murder – acquitted of 25 counts of second-degree murder.
NECC distributed nearly 18,000 vials of mold-contaminated steroids to 23 states in 2012.
The drugs triggered meningitis in over 800 people. This specific strain of the illness was caused by a fungus called Exserohilum rostratum, a black mold that normally attacks plants. It is a fungus rarely hurts humans, but morphed into major health issues when injected into human’s spinal columns.
Barry Cadden is serving a nine-year sentence at a low-security penitentiary in Pennsylvania.