Bankruptcy Court OKs $57.4M Mallinckrodt Superfund Deal

By Emlyn Cameron · April 1, 2024, 6:45 PM EDT

A Delaware bankruptcy judge approved a roughly $57.4 million settlement between drugmaker Mallinckrodt and the U.S. government to settle claims over the cleanup costs of a Superfund site in an Illinois...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

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

View Full Scorecard

Documents

Related Sections

Case Information

Case Title

Mallinckrodt plc

Case Number

1:20-bk-12522

Court

Delaware

Nature of Suit

Date Filed

October 12, 2020

Recent Articles By Emlyn