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Mallinckrodt’s US Bankruptcy Approval Confirms $1bn Hit To Opioid Fund

Ireland-Domiciled Firm Looks To Emerge From Bankruptcy Before Year Is Out

Executive Summary

Mallinckrodt is set to be in the hands of its lenders after a US bankruptcy court confirmed the company’s restructuring plan, which includes more than halving the $1.7bn previously promised to victims of the US opioid crisis.

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