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Del. Judge Nixes Equity Panel For 'Insolvent' Mallinckrodt PLC

By Jeff Montgomery (December 22, 2020, 8:48 PM EST) -- Citing evidence that Irish-domiciled drugmaker Mallinckrodt PLC and its affiliates are "hopelessly insolvent" and potentially exposed to claims worth trillions, a Delaware bankruptcy judge on Tuesday rejected a call to form an equity committee for stockholders facing a total wipeout....

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