Pomerantz To Be Lead Counsel In Mallinckrodt Investor Suit

By Emlyn Cameron · September 21, 2023, 9:52 PM EDT

Pomerantz LLP has been appointed lead counsel in a suit asserting insolvent drugmaker Mallinckrodt PLC tricked investors into thinking it had recovered from bankruptcy and would make a $200 million payment...

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Bankruptcy Scorecard

Summary

Irish drugmaker Mallinckrodt filed its second Chapter 11 in three years to resolve $1.9 billion in secured debt from its first reorganization. The company said it plans to reduce its total commitement to a legacy opiod liability fund and execute a debt-for-equity swap to hand control to its first and second lien lenders coming out of reorganization.

Case Number

23-bk-11258

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

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Documents

Related Sections

Case Information

Case Title

CONTINENTAL GENERAL INSURANCE COMPANY et al v. MALLINCKRODT PLC et al

Case Number

3:23-cv-03662

Court

New Jersey

Nature of Suit

Securities/Commodities

Date Filed

July 07, 2023

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