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Mallinckrodt Brass Can't Avoid Investor Suit Over 2nd Ch. 11

By Katryna Perera ( September 23, 2024, 9:07 PM EDT) -- A New Jersey federal judge ruled Monday that senior leaders of drugmaker Mallinckrodt cannot escape a lawsuit brought by shareholders alleging the company tricked them into thinking it had recovered from bankruptcy and would make a $200 million payment to opioid claimants, finding the investors sufficiently pleaded securities law violations. . . .

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