Press release
Mallinckrodt plc (NYSE: MNK) Investor Alert: Deadline in Lawsuit on September 5, 2023
A Deadline is coming up on September 5, 2023 in the lawsuit for certain investors in Mallinckrodt plc (NYSE: MNK).
Investors who purchased shares of Mallinckrodt plc (NYSE: MNK) have certain options and there are strict and short deadlines running. Deadline: September 5, 2023. NYSE: MNK stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Mallinckrodt plc (NYSE: MNK) common shares between June 17, 2022 and June 14, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 17, 2022 and June 14, 2023, the Defendants made false and/or misleading statements and/or failed to disclose that: Mallinckrodt had overstated its financial strength, including purported enhancements to its liquidity and balance sheet, following its emergence from Chapter 11 bankruptcy protection, that accordingly, the Company overstated its ability to timely make one or more payments to the Trust for the Opioid Settlement, that all the foregoing negatively impacted Mallinckrodt's ability and/or willingness to timely meet interest payment obligations on certain bonds, that as a result of all the foregoing, the Company was at an increased risk of having to again file for Chapter 11 bankruptcy protection, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Mallinckrodt plc (NYSE: MNK) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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