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Mallinckrodt files for bankruptcy

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Ireland-based drug maker Mallinckrodt filed for Chapter 11 bankruptcy.

Mallinckrodt listed assets and liabilities each in the $1 billion to $10 billion range.

Mallinckrodt and other companies are facing thousands of lawsuits alleging they deceptively marketed and promoted the use of opioids.

Read more from the St. Louis Business Journal.

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