Mallinckrodt Ch. 11 Trustee Hearing Set For Confirmation
Law360 (May 26, 2021, 6:32 PM EDT) -- A group of plaintiffs alleging claims against bankrupt pharmaceutical company Mallinckrodt PLC will have their motion seeking appointment of a Chapter 11 trustee in the case heard during the debtor's plan confirmation hearing, a Delaware judge ruled Wednesday.
During a virtual hearing, U.S. Bankruptcy Judge John T. Dorsey said the trustee motion filed by plaintiffs alleging Mallinckrodt engaged in anti-competitive practices when pricing its Acthar gel products shouldn't be heard on an expedited basis because it raises issues inextricably linked with the debtor's proposed plan of reorganization.
The court said that having a hearing on the motion on June 9 as...
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