: Mallinckrodt to file for chapter 11 bankruptcy again and cut about $1.9 billion in debt

by | Aug 23, 2023 | Stock Market

Mallinckrodt PLC said Wednesday it will file for chapter 11 bankruptcy protection in the coming days — its second such filing in three years — after reaching a deal with most of its lenders. The Dublin-based drugmaker filed for chapter 11 in 2020, a process it only emerged from last year, as it struggled with a billion-dollar settlement for its role in the opioid crisis. Mallinckrodt is one of the biggest manufacturers of opioids in the U.S. Last…

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