MNKPF.US
id: 313
$67,750,000
Cash SettlementD. District Columbia
Court1:17-cv-00145
Case number10/06/2015
Class period Start11/06/2017
Class period End10/27/2022
Claim deadlineShenk, et al. v. Mallinckrodt plc et al.
Mallinckrodt agreed to pay $67,75 million to settle a securities class action lawsuit accusing the Company of deceiving investors about sales in 2015-2017 years.
The original complaint alleged that the Company:
- on October 6, 2015, was misrepresenting the portion of Acthar sales attributable to Medicare and Medicaid;
- in a Form 10-K filed on November 29, 2016, was making false statements relating to a Federal Trade Commission investigation;
- from January 19, 2017, through August 8, 2017, was making a series of false and misleading statements concerning Acthar sales and prospects, including financial and Acthar-related guidance to the market.
After several years of court proceedings, Mallinckrodt agreed to settle with investors to avoid further litigation.
Case Status
Distribution Preparation
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
State Teachers Retirement System of Ohio
Attorneys
Barrack, Rodos & Bacine
Judge
Hon.Dabney L. Friedrich
Administrator
A.B. Data Ltd
Court hearing date
08/02/2022
Trades matching type
FIFO