Kevin Maclay Speaks to Law360 on Mallinckrodt Bankruptcy

10.14.2020
Law360

A top Mallinckrodt PLC lender group warned Wednesday that it opposes the bankrupt global drugmaker's "flawed" plan to shed $1 billion of its debt in a Delaware Chapter 11 that also seeks nearly $2 billion in multiyear settlements for opioid suits and other claims.

. . .

Kevin C. Maclay of Caplin & Drysdale, who represents the Multi-State Governmental Entities Group in opioid litigation, questioned the fit, telling Judge Dorsey that his group has "numerous and substantial concerns" about Mallinckrodt's proposals.

"We're going to take the next two weeks to try to actively work with the debtors," Maclay said, adding, "We are not part of the deal and have significant concerns about it and want to give you a heads-up that in two weeks, you might be hearing a lot more from us."

To view the full article, please visit Law360's website (subscription required).

Attorneys

Related Practices/Industries

Jump to Page

We use cookies to make your experience of our website better. By continuing to browse this site you content to the use of cookies. Please visit our Privacy Policy for more information.