Mallinckrodt Files Chapter 11 Bankruptcy in Delaware

Mallinckrodt files for chapter 11 bankruptcy in Delaware court, according to a filing.

• The company also says it reached a broad consensus with key stakeholders on a restructuring support agreement
• Proposed capital structure modifications would reduce total debt by about $1.3b
• Also says it had reached an agreement in principle on amended proposed settlement that would resolve opioid-related claims against Mallinckrodt and its subsidiaries

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