FRAMINGHAM, MA - OCTOBER 05: The New England Compounding Center is shown here on October 5, 2012 in Framingham, Massachusetts. The pharmacy is currently being investigated for producing a contaminated steroid shot that included the meningitis fungus that has killed at least five people. (Photo by Jared Wickerham/Getty Images)
The New England Compounding Center in Framingham.
Getty Images

New England Compounding Center, blamed for the most widespread meningitis outbreak in US history, has asked a judge to approve a $100 million bankruptcy settlement, according to media reports.

Lawyers for the Massachusetts-based company said the money would go to victims and their families, reported WCVB.

New England Compounding Center was the manufacturer of steroid shots used for pain in 2012 that were contaminated with black mold that exposed thousands of patients to fungal meningitis, killing 64 and sickening more than 752 in 20 states, according to NBC.

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According to WBZ, the Shareholders of New England Compounding Center said in a statement today:

"We know that no amount of money can adequately compensate the bereaved families for their loss of loved ones, nor those who are suffering today from the terrible effects of this tragedy."

Lawyers for the prosecution told NBC the $100 million is not nearly enough to compensate victims.

"This is a good recovery given the reality of the bankruptcy, but it isn't nearly enough to make up for all that the victims and their loved ones have suffered," said Kristen Johnson, Lead Counsel for the Plaintiffs' Steering Committee.

Following the outbreak, Gov. Deval Patrick instituted plans to prevent a similar incident from happening again. New England Compounding Center filed for bankruptcy in 2012.