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Latham & Watkins Advises Mallinckrodt in its Completed Financial and Operational Reorganization

June 23, 2022
A multidisciplinary team advises the global pharmaceutical company’s navigation through significant funded debt liabilities, mass tort, and antitrust litigations to emerge from Chapter 11 with a strengthened balance sheet.

Mallinckrodt announced that it has successfully completed its reorganization process, emerged from Chapter 11, and completed the Irish Examinership and Canadian recognition proceedings that implemented the first global opioid litigation settlement. Mallinckrodt is moving forward as a diversified global specialty pharmaceutical company with a strengthened balance sheet and increased financial flexibility to invest in its business, execute its strategic initiatives, advance its pipeline, and better meet the needs of patients.

Latham & Watkins LLP represents Mallinckrodt in the matter with a cross-practice team led by Global Chair of the Restructuring & Special Situations Practice George Davis and Vice Chair Jeff Bjork, with New York partner Anupama Yerramalli and Chicago partner Jason Gott. The team also included New York partners George Klidonas and Keith Simon; Washington, D.C. partner Andy Sorkin; and New York counsel Hugh Murtagh; with associates Liza Burton, Chris Beaucage, Chris Kochman, Madeleine Parish, Randall Weber-Levine, Scott Yousey, Jason Moehlmann, Jonathan Gordon, and Whit Morley — all members of the firm’s Restructuring & Special Situations Practice. The bankruptcy litigation team was led by New York partner Chris Harris, Boston partner Gwyn Williams, Los Angeles partner Amy Quartarolo, and Boston counsel Betsy Marks. Advice was also provided on corporate matters by Boston partners Hans Brigham, Julie Scallen, Wes Holmes, and New York partner Ben Stern, with associates Sam Niles, Christopher Lloyd, and Nicole Angelica; on antitrust matters by Washington, D.C. partner Maggy Sullivan and counsel Anna Rathbun, with associate Doug Tifft; on tax matters by Chicago partner Joe Kronsnoble, with associate Michael Zucker; on employee benefits matters by New York counsel Rifka Singer; on environmental matters by associate Peter Viola; on healthcare matters by Washington, D.C. partners Stuart Kurlander and Eric Greig; and on appellate matters by Washington, D.C. partner Melissa Sherry, with associates James Tomberlin and Greg in Den Berken.