October 12, 2020
Mallinckrodt plc (“Mallinckrodt”) has announced that it has voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to modify its capital structure, including restructuring portions of its debt, and resolve several billion dollars of otherwise unmanageable potential legal liabilities. Mallinckrodt and all of its subsidiaries are continuing to operate and supply customers and patients with products as normal.
Latham & Watkins LLP represents Mallinckrodt in the process with a restructuring team led by New York partner George Davis and Los Angeles partner Jeff Bjork, with New York partner George Klidonas, New York counsel Anu Yerramalli, Washington, D.C. counsel Andy Sorkin, and Chicago associate Jason Gott. Advice is also being provided on litigation matters by New York partner Christopher Harris and Boston counsel Betsy Marks; and on corporate matters by Boston partner Hans Brigham.