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Mallinckrodt Ch. 11 Plan Disclosure Challenges Shot Down

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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. ....

John Dorsey , Judge John Dorsey , ஜான் டோர்ஸி , நீதிபதி ஜான் டோர்ஸி ,

Wardman Hotel OK'd For Ch. 11 Auction Over Union Objection

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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Mallinckrodt Gets OK For Up To $35M In Exec Bonuses

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Mallinckrodt Gets OK For Up To $35M In Exec Bonuses
Law360 (April 5, 2021, 6:57 PM EDT) A Delaware bankruptcy judge on Monday gave drugmaker Mallinckrodt PLC permission to give its top executives up to $35 million in performance-based bonuses, rejecting creditor arguments that the executives could be responsible for the company s legal troubles.
In a bench ruling, U.S. Bankruptcy Judge John Dorsey overrode objections from the unsecured creditors committee and the U.S. Trustee s Office to find that the proposed bonuses were a reasonable incentive for the executives to see the company through its Chapter 11 and that so far, no court has found them liable in the litigation that sent the company into bankruptcy. ....

John Dorsey , Us Trustee Office , Judge John Dorsey , ஜான் டோர்ஸி , எங்களுக்கு அறங்காவலர் அலுவலகம் , நீதிபதி ஜான் டோர்ஸி ,

Mallinckrodt Gets OK For Up To $35M In Exec Bonuses

Mallinckrodt Gets OK For Up To $35M In Exec Bonuses
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.

John Dorsey , Us Trustee Office , Judge John Dorsey , ஜான் டோர்ஸி , எங்களுக்கு அறங்காவலர் அலுவலகம் , நீதிபதி ஜான் டோர்ஸி ,

Mallinckrodt Seeks OK For Up To $35M In Exec Bonuses

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Mallinckrodt Seeks OK For Up To $35M In Exec Bonuses
Law360 (March 31, 2021, 7:31 PM EDT) Drugmaker Mallinckrodt PLC Wednesday asked a Delaware bankruptcy judge to allow it to pay more than $35 million in bonuses to its top executives, while creditors argued the bonuses could reward the executives who sent the company into Chapter 11.
At a virtual hearing before U.S. Bankruptcy Judge John Dorsey, Mallinckrodt asked the court to allow it to pay bonuses it said will bring its executive pay in line with other companies in the pharmaceutical industry, while its unsecured creditors committee argued an investigation is needed to see how much responsibility the bonus recipients bear for the company s bankruptcy. ....

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