Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., reminds investors that they
have until March 27, 2017 to file lead plaintiff applications in
a securities class action lawsuit against Mallinckrodt Public Limited
Company (NYSE: MNK), if they purchased the Company’s securities between
November 25, 2014 and January 18, 2017, inclusive (the “Class Period”).
The action is pending in United States District Court for the District
of Columbia.
What You May Do
If you purchased securities of Mallinckrodt and would like to discuss
your legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by March 27, 2017.
About the Lawsuit
The complaint alleges that, throughout the Class Period, Mallinckrodt
and its CEO, Mark Trudeau, made a series of false and misleading
statements and failed to disclose material adverse facts about the
long-term sustainability of Mallinckrodt’s revenues for HP Acthar Gel
(“Acthar”), the only FDA-approved adrenocorticotropic hormone
preparation. The action alleges that Acthar’s monopoly status was the
product of unlawful anticompetitive practices and failed to disclose
that its increasing reliance on Medicare and Medicaid meant that
Mallinckrodt’s monopolistic Acthar revenue would be threatened if the
government took action to limit the price paid for this drug by
taxpayers.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170224005856/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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