Andrew Right Here
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Andrew Right Here
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Shares of drugmaker Mallinckrodt plunged 12.02 percent Wednesday after long-time short-seller Andrew Left accused the firm's CEO of committing securities fraud.
"Mallinckrodt CEO Mark Trudeau has been caught red handed committing securities fraud — exposed by none other than the newly released Medicare drug-spending dashboard," said Left, the executive editor of the Citron Research newsletter, in a Wednesday note. He also alleged Trudeau committed fraud by lying about the firm's dependence on the Medicare system.
"Mallinckrodt CEO Mark Trudeau has been caught red handed committing securities fraud — exposed by none other than the newly released Medicare drug-spending dashboard," said Left, the executive editor of the Citron Research newsletter, in a Wednesday note. He also alleged Trudeau committed fraud by lying about the firm's dependence on the Medicare system.