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Mallinckrodt Plans $1.6B Opioid Trust In $5.3B Del. Ch. 11

By Jeff Montgomery (October 13, 2020, 3:57 PM EDT) -- Bankrupt global pharmaceutical company Mallinckrodt PLC reported spending a "staggering" $1 million per week on opioid suit defenses Monday, in an opening declaration for a $5.3 billion Delaware bankruptcy that calls for a $1.6 billion opioid settlement trust and $1 billion debt offload....

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