AG Slatery Announces Updated Settlement with Opioid Manufacturer Mallinckrodt
Nashville- Attorney General Herbert H. Slatery III today announced an update to a global settlement framework agreement between 50 state attorneys general, local subdivisions, and the opioid manufacturer Mallinckrodt (MNK), its subsidiaries, and certain other affiliates. Under the new settlement pending before the bankruptcy court, MNK will pay $1.6 billion into a trust as described below. MNK is currently the largest generic opioid manufacturer in the United States.