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Consumers who purchased or otherwise acquired the publicly traded common stock of Mallinckrodt plc between June 17, 2022, and Aug. 25, 2023, may qualify to claim a cash payment from a class action settlement.
Mallinckrodt plc agreed to pay $5,500,000 to settle a class action lawsuit alleging the company and certain executives violated federal securities laws by making misrepresentations or omissions about its financial health, operating plan, liquidity and payment abilities following bankruptcy.
Who can file a Mallinckrodt claim?
Class members must have:
- Purchased or otherwise acquired Mallinckrodt plc common stock between June 17, 2022, and Aug. 25, 2023
- Purchased or otherwise acquired the stock directly (not just through a mutual fund or similar vehicle)
- Suffered a loss as a result of the alleged conduct
How much is the securities payout?
Pro rata payment: The estimated average recovery per eligible share of Mallinckrodt common stock is approximately $0.53 before deductions for settlement fees and expenses and $0.27 per share after deductions for settlement fees and expenses. The actual amount class members will receive depends on:
- The number of valid claims submitted
- The number of shares they purchased and sold during the class period
- The timing of the purchases and sales
- The total recognized losses of all claimants
How to claim a class action rebate
Class members can can file an online claim form or download and print the PDF claim form to complete and mail to the settlement administrator. The claim form must be postmarked or received by Oct. 16, 2025.
Settlement administrator's mailing address: Mallinckrodt Securities Litigation c/o Claims Administrator, 1650 Arch St., Suite 2210, Philadelphia, PA 19103
Class members must submit separate claims for each account or ownership type.
Required proof and documentation
Class members must provide documentation to support their claim. This includes:
- Copies of broker confirmations or other documentation showing purchases, acquisitions and sales of Mallinckrodt common stock during the settlement class period
- Documentation showing the number of shares held at the beginning and end of the period, as well as all transactions in between
Representative filers (such as for multiple accounts or institutional accounts) must submit transactions in an electronic spreadsheet format and provide a signed claim form and proof of authority to file.
Payout options
The settlement administrator will send paper checks as payment.
$5.5 million settlement fund breakdown
The $5,500,000 settlement fund covers:
- Settlement administration costs: Up to $500,000
- Attorneys' fees: Up to $1,833,333
- Attorneys' expenses: Up to $350,000
- Service awards to class representatives: Up to $20,000 total
- Payments to eligible class members: Remainder of the fund
Important dates
- Opt-out deadline: Sept. 18, 2025
- Fairness hearing: Oct. 9, 2025
- Claim deadline: Oct. 16, 2025
When is the Mallinckrodt securities litigation payout date?
The settlement administrator will make payments to eligible class members after the court grants final approval to the settlement and any appeals are resolved.
Why is there a class action settlement?
The class action lawsuit alleged Mallinckrodt plc and certain executives violated federal securities laws by making misrepresentations or omissions about the company's financial health, operating plan, liquidity and ability to make payments after bankruptcy. The plaintiffs claimed these statements artificially inflated the company's stock price, causing losses when the truth was revealed.
The defendants denied any wrongdoing but agreed to settle to avoid the distraction, cost and risk of further litigation.
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