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Wednesday, September 4, 2019

Mallinckrodt settles federal Questcor inquiry for $15.4M

Mallinckrodt (NYSE:MNK) has finalized the settlement agreement with the U.S. Department of Justice over alleged violations of the False Claims Act by subsidiary Questcor before being acquired by MNK in 2014. The company has agreed to pay $15.4M to resolve the investigation without an admission of wrongdoing.
Shares up 1% premarket on light volume.

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