Energy News / Shareholders Foundation, Inc.

NYSE:MNK Shareholder Notice: Investigation of Mallinckrodt Plc over Possible Violations of Securities Laws

Via: ReleaseWire

Updated 11:45 AM CDT, Mon, May 13,2019

An investigation for investors in Mallinckrodt plc (NYSE: MNK) shares over potential securities laws violations by Mallinckrodt plc was announced and NYSE: MNK stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/13/2019 -- An investigation was announced over potential securities laws violations by Mallinckrodt plc and certain of its directors and officers in connection with certain financial statements.

Investors who purchased shares of Mallinckrodt plc (NYSE: MNK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Mallinckrodt plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

UK based Mallinckrodt plc, together with its subsidiaries, develops, manufactures, markets, and distributes specialty pharmaceutical products and therapies in the United States, Europe, the Middle East, Africa, and internationally. On May 1, 2019, the Wall Street Journal published an article claiming that Questcor, acquired by Mallinckrodt in 2014, "defrauded government health-care plans by illegally marketing H.P. Acthar Gel." The Company purportedly resorted to bribing doctors and their staff members. To market this expensive drug, the Company allegedly offered everything from Starbucks gift cards to free Las Vegas trips, lavish dinners, sponsored happy hours and karaoke excursions. Shares of Mallinckrodt plc (NYSE: MNK) declined to $13.45 per share on May 1, 2019.

Those who purchased shares of Mallinckrodt plc (NYSE: MNK) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysemnk-shareholder-notice-investigation-of-mallinckrodt-plc-over-possible-violations-of-securities-laws-1215917.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com