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Mallinckrodt to file for chapter 11 bankruptcy again and leave $1 billion of $1.7 billion opioid settlement unpaid

Mallinckrodt PLC announced its intention to initiate chapter 11 bankruptcy protection once again, marking its second filing in three years. The Dublin-based pharmaceutical company initially filed for chapter 11 in 2020, emerging from the process last year, as it grappled with a billion-dollar settlement related to its involvement in the opioid crisis. Mallinckrodt holds a […]