{"id":98503,"date":"2023-04-15T05:20:35","date_gmt":"2023-04-15T05:20:35","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=317fc0f51ed87a1eb5648a5e871ecdde"},"modified":"2023-04-15T05:20:35","modified_gmt":"2023-04-15T05:20:35","slug":"mnk-investor-news-rosen-global-investor-counsel-encourages-mallinckrodt-plc-investors-to-inquire-about-securities-class-action-investigation-mnk","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/mnk-investor-news-rosen-global-investor-counsel-encourages-mallinckrodt-plc-investors-to-inquire-about-securities-class-action-investigation-mnk\/","title":{"rendered":"MNK INVESTOR NEWS: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Mallinckrodt plc Investors to Inquire About Securities Class Action Investigation \u2013 MNK"},"content":{"rendered":"
\n

NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, continues investigating potential securities claims on behalf of shareholders of Mallinckrodt plc (NYSE American: MNK) resulting from allegations that Mallinckrodt may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased Mallinckrodt securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=13407<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong> On March 17, 2023, The Buxton Helmsley Group, Inc., a \u201cNew York City-based investment advisor to clients with financial interests in Mallinckrodt Plc.\u201d issued two open letters and press releases, later corrected. In a corrected press release, Buxton Helmsley Group alleged that it is \u201cdelivering the results of an extensive investigation into financial misconduct at the Company involving an evidenced scheme of concealing asset value depreciation\/impairment expenses, in violation of GAAP ASC 350, 360 and Regulation S-X, taking place both before and after the Company\u2019s Chapter 11 Reorganization.\u201d<\/p>\n

The Buxton Helmsley Group also alleged that it is \u201cdemanding the restatement of the historical financial statements of the Company, and demanding write-downs of post-reorganization asset values based on the Company\u2019s prior-professed standards of determining the fair value of asset\u2019s securing the Company\u2019s capital structure.\u201d<\/p>\n

On this news, the price of Mallinckrodt\u2019s stock price fell 5% to close at $7.78 per share on March 20, 2023.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

<\/p>\n

GlobeNewswire Distribution ID 8808223<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues investigating potential securities claims on behalf of shareholders of Mallinckrodt plc (NYSE American: MNK) resulting from allegations that Mallinckrodt may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Mallinckrodt [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nMNK INVESTOR NEWS: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Mallinckrodt plc Investors to Inquire About Securities Class Action Investigation \u2013 MNK - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/mnk-investor-news-rosen-global-investor-counsel-encourages-mallinckrodt-plc-investors-to-inquire-about-securities-class-action-investigation-mnk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNK INVESTOR NEWS: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Mallinckrodt plc Investors to Inquire About Securities Class Action Investigation \u2013 MNK - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues investigating potential securities claims on behalf of shareholders of Mallinckrodt plc (NYSE American: MNK) resulting from allegations that Mallinckrodt may have issued materially misleading business information to the investing public. 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