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WSJ Quotes Kevin Maclay on Mallinckrodt Bankruptcy

October 14, 2020, The Wall Street Journal

Mallinckrodt PLC said Wednesday it aims to broaden support for a proposed bankruptcy restructuring and $1.6 billion settlement of opioid-related litigation, while representatives for some counties, tribes and lenders said they have problems with how the drugmaker wants to reorganize.

. . .

Kevin Maclay, a lawyer representing more than 1,300 cities, counties, tribes and other governmental units across 38 states, said his clients have been forced to litigate against Mallinckrodt and other companies to obtain compensation for the opioid crisis and addiction in their communities.

Mr. Maclay said he has "numerous and substantial concerns about various aspects" of the proposed restructuring and will spend the next two weeks working with Mallinckrodt trying to address them.

Kevin Maclay is a Member of the Complex Litigation and Bankruptcy practice groups at Caplin & Drysdale, Chartered.

For the full article, please visit The Wall Street Journal PRO's website (subscription required).

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