Companies
US drugmaker Mallinckrodt to go bankrupt for second time in three years
Mallinckrodt previously filed for bankruptcy in October 2020
Mallinckrodt Plc plans to file bankruptcy for the second time in less than three years after battling business declines and struggling to keep up with payments on a $1.7 billion settlement resolving a wave of lawsuits accusing the drugmaker of fuelling the US opioid epidemic.
The 156-year-old company plans to file for Chapter 11 protection in Delaware in the coming days, it said in a filing. Mallinckrodt has struck a tentative restructuring deal with creditors ...
