Court Mulls If Claims Buyer Qualifies For Special Ch. 11 Trust

By Clara Geoghegan · February 15, 2024, 8:15 PM EST

A Delaware bankruptcy judge on Thursday considered whether a company that pursues claims on behalf of medical insurers and healthcare organizations can be paid from a specialized opioid trust created by...

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Bankruptcy Scorecard

Summary

Irish drugmaker Mallinckrodt filed its second Chapter 11 in three years to resolve $1.9 billion in secured debt from its first reorganization. The company said it plans to reduce its total commitement to a legacy opiod liability fund and execute a debt-for-equity swap to hand control to its first and second lien lenders coming out of reorganization.

Case Number

23-bk-11258

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

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Related Sections

Case Information

Case Title

Mallinckrodt plc

Case Number

1:20-bk-12522

Court

Delaware

Nature of Suit

Date Filed

October 12, 2020

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