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SEC Says Mallinckrodt Ch. 11 Plan Releases Should Be Opt-In

By Rick Archer ( September 7, 2021, 3:03 PM EDT) -- The U.S. Securities and Exchange Commission told a Delaware bankruptcy judge that drugmaker Mallinckrodt PLC's shareholders should be asked if they want to release their third-party litigation claims in its Chapter 11 plan, instead of their consent being assumed....

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