Kenneth FoxThe High Court has appointed an interim examiner to Dublin-based but US-run pharmaceutical company Mallinckrodt for the second time in 15 months. Last year, the company successfully exited the examinership process following the implementation of an extensive restructuring plan which saw it reduce its debts by $1.3 billion. It had got into financial difficulty after it settled legal actions brought against it in the United States. As a result, the company has again sought the appointment of an examiner before the Irish courts. Following an application by Brian Kennedy SC, appearing with Stephen Walsh Bl for the company, Mr Justice Quinn agreed to appoint experienced insolvency practioner Michael McAteer of Grant Thornton as interim examiner to the firm.

Source: The Herald September 20, 2023 17:50 UTC