NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of Mallinckrodt plc shareholders MNK following allegations that Mallinckrodt disclosed potentially materially misleading business information to the investing public.

SO WHAT: If you have purchased Mallinckrodt securities, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=13407 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: On March 17, 2023, The Buxton Helmsley Group, Inc., a “New York City-based investment advisor to clients with financial interests in Mallinckrodt Plc.” issued two open letters and press releases, which were later corrected. In a corrected press release, Buxton Helmsley Group claimed that it “is providing the results of a comprehensive investigation into the company’s financial misconduct, which includes a proven plan to conceal depreciation/impairment charges on assets in violation of GAAP ASC 350, 360 and the Regulation.” violates SX, which occurs both before and after the Company’s Chapter 11 reorganization.”

The Buxton Helmsley Group also claimed that it “requires the restatement of the Company’s historical financial statements and asset write-downs following the reorganization based on the Company’s previously known standards for determining the fair value of assets. Capital Structure of the Company.”

As a result of this news, Mallinckrodt’s stock price fell 5% to close at $7.78 per share on March 20, 2023.

WHY ROSES LAW: We encourage investors to seek qualified advisors with a track record in…