Opioids, money, pills Securities Class Action Over Mallinckrodt's Decision to Settle Opioid Litigation Lands in Pa. Fed Court
This suit was surfaced by Law.com Radar. Read the complaint here.
April 13, 2023 at 11:49 AM
1 minute read
Latham & Watkins and Marshall Dennehey Warner Coleman & Goggin removed a shareholder class action against Mallinckrodt plc's board of directors Wednesday to Pennsylvania Eastern District Court. The lawsuit was filed by Haviland Hughes LLC on behalf of shareholders of Mallinckrodt who opted out of the release issued in the company's Chapter 11 reorganization. The suit accuses the defendants of refusing to vigorously defend opioid lawsuits and choosing to settle opioid cases and authorizing millions of dollars in settlement to unsecured opioid claimants in Ohio. The complaint further contends that the defendants agreed to settle with lawyers on the opioid cases for an ownership interest in the company, thereby forfeiting the ownership interests of the class. The case is 2:23-cv-01395, Edelman v. Trudeau et al.
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