MNK
Mallinckrodt plc
stock NYSEAMERICAN

Hey guys, if you missed it, the court finally approved the settlement between Mallinckrodt and $MNK investors over the financial issues, after its first bankruptcy.
Quick recap: In 2023, Mallinckrodt announced that it had determined not to make interest payments on two bonds due that day and may need to file for bankruptcy (again, lol). Even though they previously claimed it wasn’t going to happen, in the end it did. So, when this news came out, the stock dropped by 30%, and investors filed a lawsuit for their losses (again).
The good news is that the company has already agreed to settle and pay them $5.5M, and the court finally approved this agreement.
So if you were hit by this, you can [check the details](https://11th.com/cases/mallinckrodt-investor-lawsuit) and file for payment.
Anyways, do you think their results will be better after the merger they announced? And did this stock drop hurt you?

Hey guys, if you missed it, the court finally approved the settlement between Mallinckrodt and $MNK investors over the financial issues, after its first bankruptcy.
Quick recap: In 2023, Mallinckrodt announced that it had determined not to make interest payments on two bonds due that day and may need to file for bankruptcy (again, lol). Even though they previously claimed it wasn’t going to happen, in the end it did. So, when this news came out, the stock dropped by 30%, and investors filed a lawsuit for their losses (again).
The good news is that the company has already agreed to settle and pay them $5.5M, and the court finally approved this agreement.
So if you were hit by this, you can [check the details](https://11th.com/cases/mallinckrodt-investor-lawsuit) and file for payment.
Anyways, do you think their results will be better after the merger they announced? And did this stock drop hurt you?