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realfast95

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realfast95

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Wednesday, 09/04/2019 6:15:44 PM

Wednesday, September 04, 2019 6:15:44 PM

Post# of 672
$MNK it gives me great pleasure

Mallinckrodt -23% as it reportedly taps restructuring firms
Sep. 4, 2019 5:07 PM ET|About: Mallinckrodt plc (MNK)|By: Jason Aycock, SA News Editor

Mallinckrodt (NYSE:MNK) has sunk 23.3% after hours after Bloomberg reports the company's hired firms to explore restructuring.

The company has hired Latham & Watkins as a law firm and AlixPartners as consultants to advise on the potential costs from thousands of opioid lawsuits.

It may consider bankruptcy if the liabilities aren't manageable, according to the report.
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