April 15, 2025. Parties in the Mallinckrodt securities matter (District of New Jersey) agreed to settle for $46 million.
Plaintiff alleged that Mallinckrodt had made materially false and misleading statements about the Company’s failure to pay the full rebates owed to the Centers for Medicare and Medicaid Services.
Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert testimony and a report on Market Efficiency. Crowninshield Financial Research consulted on the plan of allocation.
Read more about the case at SCAC.