Irish Court OKs Arrangement With Mallinckrodt, Creditors In Reorganization Plan

(November 13, 2023, 2:22 PM EST) -- DUBLIN, Ireland — The High Court of Ireland on Nov. 10 confirmed a proposed scheme of arrangement between drugmaker Mallinckrodt PLC and its creditors and shareholders, ordering that the scheme will become effective on the same date the company’s plan of reorganization pending in U.S. Bankruptcy Court for the District of Delaware becomes effective and that the company will no longer be under the protection of the Irish High Court....