Mallinckrodt (MNK) Tops Q4 EPS by 35c

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Go back to Mallinckrodt (MNK) Tops Q4 EPS by 35c

Mallinckrodt (MNK) Announces Agreement in Principle for Global Opioid Settlement and Associated Debt Refinancing Activities

February 25, 2020 6:11 AM EST

Mallinckrodt plc (NYSE: MNK) ("Mallinckrodt" or the "Company") today announced that the Company and its specialty generics-focused subsidiaries Mallinckrodt LLC, SpecGx LLC and certain other affiliates (collectively, "Specialty Generics") have reached an agreement in principle on the terms of a global settlement that would resolve all opioid-related claims against the Company, Specialty Generics, and the Company's other subsidiaries. The agreement in principle has been reached with a court-appointed plaintiffs' executive committee representing the interests of thousands of plaintiffs in the opioid multidistrict litigation1, and is supported by a broad-based group of 47 state and... More