Mallinckrodt bankruptcy goes effective. On June 16, 2022, Mallinckrodt filed its Notice of Occurrence of Effective Date of Fourth Amended Joint Plan of Reorganization. Notice, In re Mallinckrodt PLC, et al., No. 20-12522 (Bankr. D. Del. June 16, 2022). The bankruptcy court had previously confirmed the bankruptcy plan on March 2, 2022. Opioid trusts were established in the bankruptcy plan to resolve all opioid claims. Id. From the effective date forward, the sole recourse of any opioid claimant based upon Mallinckrodt’s pre-effective date conduct will be to make a claim to the opioid trusts. Id. The opioids trusts will receive approximately $1.6 billion in structured payments from Mallinckrodt.
The case is In re Mallinckrodt PLC, No. 20-12522 (Bankr. D. Del.). The case is being decided by Bankruptcy Judge John Dorsey.
