Gilbert LLP Lauds Mallinckrodt Bankruptcy Confirmation

March 04, 2022

Gilbert LLP, a Washington, D.C. law firm specializing in complex dispute resolution, heralded the U.S. Bankruptcy Court for the District of Delaware’s confirmation of the bankruptcy settlement in In Re: Mallinckrodt PLC, et al. as “a key step toward abating the opioid crisis.”

Gilbert played a central role in negotiating the terms of the Mallinckrodt bankruptcy settlement among all opioid creditors and the Mallinckrodt debtors.  The firm serves as mass tort, deal, and insurance counsel to the Governmental Plaintiff Ad Hoc Committee in the matter, representing States and Territories, Cities and Counties, and Native American Tribes throughout the United States.  The settlement will result in an unprecedented multi-billion-dollar opioid-abatement trust dedicated solely to addressing the national opioid crisis at state and local levels.  Parallel proceedings are occurring now in Ireland concerning Mallinckrodt’s parent company.

Gilbert is deeply involved in several other opioid matters across the U.S. on behalf of government claimants, including state court litigation, federal multidistrict litigation, insurance coverage matters, ongoing settlement negotiations, and additional bankruptcy proceedings, including the Purdue bankruptcy proceedings, which currently are subject to negotiations and on appeal before the Second Circuit.

“The opioid crisis has caused devastation in every corner of America,” said Scott Gilbert, the firm’s Founder and Chairman, and one of the primary architects and chief negotiators of the settlement in Mallinckrodt.  “This settlement will make a critical contribution toward abating this crisis by providing resources to increase treatment and break the cycle of addiction.  The settlement is particularly timely because, as the Purdue negotiations continue, the Mallinckrodt confirmation will quickly get funds to the right places.”