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Mallinckrodt Ch. 11 Plan Disclosure Challenges Shot Down
Law360 (June 15, 2021, 8:17 PM EDT) A Delaware bankruptcy judge Tuesday heard and rejected multiple challenges to opioid maker Mallinckrodt PLC s proposed Chapter 11 disclosures, saying they contain sufficient information on topics ranging from payouts from states to disputed intercompany transfers.
At what turned out to be the first day of a virtual hearing on Mallinckrodt s disclosure statement U.S. Bankruptcy Judge John Dorsey overrode multiple objections from creditors arguing the drugmaker isn t providing them with enough information to make an informed vote on the plan.
The Ireland-based drugmaker and 65 affiliates filed for Chapter 11 in October, with a restructuring support agreement in hand that would cut.
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A Delaware bankruptcy judge Wednesday approved plans to put Washington's Wardman Park Hotel up for auction in July, overriding concerns by the hotel's unions that bidders won't have enough information on the contract obligations they may be taking on.
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