Sources Say Mallinckrodt Considers Bankruptcy As Part Of Plan To Avoid Paying Money It Owes Opioid Victims
Portfolio Pulse from Benzinga Newsdesk
Mallinckrodt is reportedly considering bankruptcy as a strategy to avoid paying money it owes to opioid victims, according to the Wall Street Journal.
July 26, 2023 | 2:57 pm
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NEGATIVE IMPACT
Mallinckrodt's potential bankruptcy could negatively impact its stock price in the short term.
Bankruptcy is generally seen as a negative event for a company's stock. If Mallinckrodt does file for bankruptcy, it could lead to a significant drop in its stock price as investors may lose confidence in the company's ability to meet its financial obligations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100