Mallinckrodt faces Chapter 11 appeals, enters parallel Irish examinership
Credit: shutterstock/ rafapress
Health insurance companies that are appealing pharma manufacturer Mallinckrodt’s recently-confirmed Chapter 11 plan, have failed to obtain a stay on distributions pending appeal, as a court in Ireland relied on a 2016 precedent to open up parallel proceedings and appoint a Grant Thornton managing director as examiner.
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