Mallinckrodt faces investor lawsuit for allegedly making false statements about its...

cafead

Administrator
Staff member
  • cafead   Jul 16, 2023 at 03:12: PM
via But 13 months later, the company is back in desperate straits. In regulatory filings, Mallinckrodt has admitted its failure to make its annual $200 million opioid settlement payment and suggested that bankruptcy again is in the offing.

And last week, its investors piled on, filing a class-action lawsuit against the company. In federal court in New Jersey, the investors accused Mallinckrodt of making false and misleading statements about the financial health of the company.

article source
 

<