On August 22, 2023, Mallinckrodt Received A Grand Jury Subpoena From The U.S. Attorney's Office For The Western District Of Virginia Seeking The Production Of Data And Information From July 17, 2017, To The Present - 8K
Portfolio Pulse from Benzinga Newsdesk
Mallinckrodt (MNK) has received a grand jury subpoena from the U.S. Attorney's Office for the Western District of Virginia. The subpoena seeks data and information from July 17, 2017, to the present, relating to the company's reporting of suspicious orders for controlled substances, chargebacks, and other transactions, and communications with the U.S. Drug Enforcement Administration.
August 28, 2023 | 10:18 am
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Mallinckrodt's subpoena could lead to legal and regulatory issues, potentially impacting the company's reputation and financial stability.
The subpoena indicates potential legal and regulatory issues for Mallinckrodt. If the company is found to have violated any laws or regulations, it could face penalties, which could negatively impact its financial stability. Additionally, the situation could harm the company's reputation, potentially affecting its stock price.
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