Mallinckrodt and Fresenius Reach $14M Supply Claims Settlement

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By Rick Archer (January 25, 2022, 7:18 PM EST) – Drugmaker Mallinckrodt PLC is asking a Delaware bankruptcy judge to approve a $13.9 million settlement with a subsidiary of German pharmaceutical company Fresenius Kabi to end a dispute over supply payments. Mallinckrodt cut off when he entered Chapter 11.

In a motion filed Monday, Mallinckrodt said the settlement would resolve about $16.5 million of claims Fresenius had asserted in the case in exchange for less than $1 million in priority payments and a tranche of the fund. trustee of unsecured creditors.

According to filings, Mallinckrodt and Fresenius’ Norwegian subsidiary, Fresenius Kabi Norge, had a contract under which Mallinckrodt agreed to purchase…

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