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MNK / Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment

Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment
Shares of Mallinckrodt PLC MNK, +4.35% rose 5.5% in afternoon trading Friday, after the drugmaker disclosed that it will once again delay the $200 million opioid-settlement payment by a week, following discussions with the Opioid Master Disbursement Trust II. The payment was originally scheduled for June 16, but the company has kept delaying payment a week at a time, as its board of directors continues to hold talks with stakeholders about its capital position and financial obligations. Read More
Posted: Jul 14 2023, 14:07
Author Name: Market Watch
Views: 102050

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Mallinckrodt discloses grand jury subpoena, makes bankruptcy filing official

By Market Watch
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Mallinckrodt discloses grand jury subpoena, makes bankruptcy filing official

Mallinckrodt PLC made it official Monday, with the Dublin, Ireland-based drugmaker filing for bankruptcy for the second time in three years after stru more_horizontal

Drugmaker Mallinckrodt files for second bankruptcy in the US

By Reuters
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Drugmaker Mallinckrodt files for second bankruptcy in the US

Drugmaker Mallinckrodt on Monday said the company and some of its units have filed for a second bankruptcy in 3 years in the U.S., with the newest res more_horizontal

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By Proactive Investors
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Mallinckrodt stock tumbles on plans to file for Chapter 11 bankruptcy for second time in three years

Mallinckrodt PLC (NYSE:MNK) said it plans to initiate voluntary prepackaged Chapter 11 bankruptcy proceedings in the US in a matter of days to give i more_horizontal

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Mallinckrodt (NYSEMKT: MNK ) stock isn't doing so hot on Wednesday after the pharmaceutical company gets ready for another bankruptcy filing. A press more_horizontal

U.S. drugmaker Mallinckrodt plans to file for bankruptcy protection

By Reuters
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U.S. drugmaker Mallinckrodt plans to file for bankruptcy protection

Mallinckrodt is planning to start bankruptcy proceedings in the coming days, the U.S. drugmaker said on Wednesday, as it struggles to make required se more_horizontal

Mallinckrodt to file for prepackaged Chapter 11 bankruptcy and cut about $1.9 billion in debt

By Market Watch
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Mallinckrodt to file for prepackaged Chapter 11 bankruptcy and cut about $1.9 billion in debt

Mallinckrodt PLC MNK, +5.09% said Wednesday it has entered a Restructuring Support Agreement with most of its first and second lien debtholders and th more_horizontal

Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements - WSJ

By Reuters
July 26, 2023

Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements - WSJ

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids, the Wa more_horizontal

Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment

By Market Watch
July 14, 2023

Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment

Shares of Mallinckrodt PLC MNK, +4.35% rose 5.5% in afternoon trading Friday, after the drugmaker disclosed that it will once again delay the $200 mil more_horizontal


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