Stocks of drug maker Mallinckrodt Plc slumped more than 40% Wednesday after the market close, following a report by Bloomberg that the company was considering filing for bankruptcy as it faces a wave of opioid lawsuits.
that the company was considering filing for bankruptcy as it faces a wave of opioid lawsuits.
The report states that the company has hired law firm Latham & Watkins LLP and consulting firm AlixPartners LLP to advise on any potential moves. The government alleges that from 2009 to 2013, 12 Questcor sales reps marketing the company's drug, H.P. Acthar Gel , provided illegal remuneration to health care providers in the form of expensive meals and entertainment, in violation of the Anti-Kickback Statute.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Asia stocks dented by trade war, Brexit showdown paralyzes poundGlobal stocks faced headwinds on Tuesday, stymied by U.S.-China trade frictions ...
Baca lebih lajut »
Oil prices mixed as market eyes trade war, awaits stocks dataOil prices were mixed on Tuesday as the ongoing U.S.-China trade war cast a pall...
Baca lebih lajut »
European stocks seen mixed as UK prepares for Brexit showdownEuropean stocks pointed to a mixed open Tuesday morning, with British opposition lawmakers bidding to seize control of the House of Commons and stop the U.K. leaving the European Union without a deal on October 31.
Baca lebih lajut »
Leaders to losers: These stocks have made major trend reversalsSome of the worst-performing stocks in August were one-time market leaders. One could return to its former glory, two analysts say.
Baca lebih lajut »
Stocks making the biggest moves premarket: Twitter, Boeing, Spark, Boston Beer, Snap & moreThese are the stocks posting the largest moves before the bell.
Baca lebih lajut »
Asia stocks dented by trade war, Brexit showdown paralyses poundUS bond yields up slightly after sharp fall in August, while European shares seen dipping slightly. Meanwhile, pound sterling drops to just below $1.2, its lowest level since January 2017.
Baca lebih lajut »