Latham & Watkins LLP is billing $5.7 million for about three months of work representing Mallinckrodt PLC in the company’s second Chapter 11 in three years.
Mallinckrodt in October won court approval for a restructuring plan that reduced a fund for opioid claimants to $700 million from $1.7 billion. The trust was established through an earlier bankruptcy that sought to resolve litigation from states and individuals accusing the drugmaker of contributing to the opioid crisis.
Two Latham partners billed more than $2,000 an hour for the second bankruptcy, according to a Wednesday filing in the US Bankruptcy Court for the ...
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