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LOST MONEY IN MALLINCKRODT? Gibbs Law Group Investigates Potential Securities Claims on Behalf of Investors

May 22, 2019

OAKLAND, Calif.--(BUSINESS WIRE)--May 22, 2019--

Mallinckrodt plc shares have declined by nearly 38% in 2019 due to issues with health regulators and accusations of kickbacks. Gibbs Law Group is investigating a Mallinckrodt class action lawsuit on behalf of investors who lost money in Mallinckrodt plc (NYSE: MNK) stock.

To speak privately with an attorney regarding this class action lawsuit investigation, call (800) 808-5294 or click here.

On May 21, 2019, Mallinckrodt plc (NYSE: MNK) stock plummeted after it was announced that a dispute with health regulators might cost the company hundreds of millions of dollars and reduce future sales for Acthar, one of its top-selling products.

This announcement came on the heels of a prior report in April 2019 that the U.S. Justice Department would intervene in a whistleblower lawsuit accusing Questcor, a company that Mallinckrodt acquired in 2014, of paying kickbacks to doctors for prescribing Acthar.

In total, shares of MNK have declined by about 38% in 2019, causing significant damage to investors.

Gibbs Law Group is preparing a class action lawsuit to recover losses suffered by Mallinckrodt investors. If you invested in Mallinckrodt and would like to speak privately with a securities attorney to learn more about our investigation and your legal rights, visit our website or contact our securities team directly at (800) 808-5294.

Gibbs Law Group represents individual and institutional investors throughout the country in  securities litigation  to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Titans of the Plaintiffs Bar,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005274/en/

CONTACT: CONTACT: EILEEN EPSTEIN

PHONE: 510.350.9728

EMAIL:EJE@CLASSLAWGROUP.COM

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Gibbs Law Group

Copyright Business Wire 2019.

PUB: 05/22/2019 06:00 AM/DISC: 05/22/2019 06:01 AM

http://www.businesswire.com/news/home/20190522005274/en

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