Mallinckrodt Says Trust Provided Written Notice On Further Extending Due Date Of Opioid Deferred Cash Payment From July 7, 2023 To July 14, 2023 - Filing
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Mallinckrodt has announced that the Trust has extended the due date of the opioid deferred cash payment from July 7, 2023 to July 14, 2023. The company is still analyzing its situation and engaging with stakeholders, with no assurance of the outcome, including the possibility of filing for bankruptcy.
July 06, 2023 | 8:51 pm
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Mallinckrodt's opioid deferred cash payment due date has been extended, indicating potential financial difficulties. The company may file for bankruptcy.
The extension of the opioid deferred cash payment due date suggests that Mallinckrodt may be facing financial difficulties. The mention of a potential bankruptcy filing further indicates a high level of financial distress, which could negatively impact the company's stock price in the short term.
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