Short Sellers Won in Mallinckrodt Mess, but Some Hedgies Held On

The specialty pharmaceutical company settled opioid lawsuit and is considering restructuring.

Mark Trudeau, CEO of Mallinckrodt (Chris Goodney/Bloomberg)

Mark Trudeau, CEO of Mallinckrodt

(Chris Goodney/Bloomberg)

It took the opioid epidemic to finally bring down specialty pharmaceutical company Mallinckrodt, whose fall from Wall Street grace seems almost complete. Just two days after a report it was considering a bankruptcy filing, Mallinckrodt said it had agreed to the biggest settlement yet by opioid manufacturers — for $30 million.

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