MNK - Mallinckrodt to consider filing for bankruptcy again - WSJ

2023-06-03 17:43:25 ET

• Mallinckrodt ( NYSE: MNK ), which filed for bankruptcy in October 2020 amid a settlement related to opioid liabilities, is considering options, including filing for bankruptcy again.
• The potential filing comes as a $200 million payment for an opioid settlement is due within weeks, according to a WSJ report l ate Friday, which cited people familiar with the matter. The drugmaker is required to make the payment to an opioid-victims compensation trust by the middle of the month under a $1.7 billion settlement.
• A lender group has been in talks with Dublin-based Mallinckrodt ( MNK ) about how it plans to deal with the upcoming payment, according to the report.
• A Mallinckrodt ( MNK ) spokesman declined to comment to the WSJ.

For further details see: