 Home > Medical News > Medical World News > Mallinckrodt investors are stepping up negotiations over the opioid bankruptcy

Mallinckrodt investors are stepping up negotiations over the opioid bankruptcy

 Last Update: 2021-03-01
 Source: Internet
 Author: User

Tags

1 year treasury

drop price

1 inch fraction

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

seems like a new test for Mallinckrodt's investors: think of last month, when Humana took the company to court for $700m in fraudulent bills. But now, according to Mallinckrodt, when it comes to bankruptcy, if federal opioid penalties get out of hand, that could be the last straw.
Next month, mallinckrodt hired two companies to complete bankruptcy options as the federal opioid law lawsuit was about to go to trial, Bloomberg reported, and shares of British pharmaceutical companies closed at $1.44 a share late Wednesday.
On Wednesday, sources told Bloomberg that Mallinckrodt hired law firm Latham and Watkins and transformation firm Alix Partners as they considered a possible multibly settlement.
Mallinckrodt declined to comment.The 44 per cent one-day drop was significant, but that was only a fraction of Mallinckrodt's losses from scandals and litigation in recent months. So far this year, the company's share price has plunged from a high of $33.71, down more than 95 per cent. （cyy123.com）

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

1H-Indole-3-acetaldehyde ISO 9001

CAS No.: 2591-98-2

Industrial Grade

$700/G EXW

Good Price Azochlorophosphine I spot supply factory direct supply CAS 1938-82-5

CAS No.: 1938-82-5

Pharmacy Grade

$60-65/KG FOB

Ripazepam, CAS:26308-28-1

CAS No.: 26308-28-1

Pharmacy Grade

$100-110/G FOB

Hot Tags

jobs united states(236)

united states jobs(223)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

ups united states(221)

announcements today(81)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.