Mallinckrodt Avoids Acthar Claims Estimation Hearing For Now

June 7, 2021, 5:15 PM

U.S. Bankruptcy Judge John Dorsey on Monday deferred ruling on a request to estimate the value of certain legal claims lodged against Mallinckrodt Plc related to its Acthar Gel.

  • Health insurer Humana Inc. argued that its claims -- damages stemming from alleged price gouging -- are so large they need to be estimated before the drugmaker’s bankruptcy exit plan can be considered
    • “If the Debtors are liable to Humana, they face billions of dollars in prepetition damages that must be accounted for, treated and reserved or paid under the plan,” lawyers for Humana wrote in court papers, arguing that ...

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