The Buxton Helmsley Group Calls on U.S. Securities and Exchange Commission to Intervene in Mallinckrodt Plc. Fraud Involving False Statements of Financials, Insider Trading on Undisclosed Information, and Electoral Tampering

Rhea-AI Summary

The Buxton Helmsley Group, Inc. has issued an open letter to the U.S. Securities and Exchange Commission (SEC) regarding serious allegations against Mallinckrodt Plc (MNKKQ). The letter accuses the company of fraudulent financial statements, bankruptcy fraud, insider trading, proxy fraud, and electoral fraud. BHG represents significant shareholders in this effort for SEC intervention to protect investors from potential manipulative practices. The full letter can be accessed online for further details.

Positive

• None.

Negative

• Allegations of fraudulent financial statements raise red flags about transparency.
• Claims of bankruptcy fraud could jeopardize investor confidence.
• Insider trading allegations suggest potential mismanagement or misconduct.
• Proxy fraud and electoral fraud allegations may impact shareholder governance.

NEW YORK--(BUSINESS WIRE)-- The Buxton Helmsley Group, Inc. (together with certain of its affiliates and clients, “BHG” or “we”), the New York City-based investment advisor to clients with significant holdings of Mallinckrodt Plc. (“Mallinckrodt” or the “Company”) (OTC: MNKKQ) common stock, and with the backing of other various shareholders, has issued an open letter to the U.S. Securities and Exchange Commission (the “Commission”), its Chairman and Commissioners, for immediate intervention in fraudulent statements of financials, bankruptcy fraud, insider trading on undisclosed information, proxy fraud, and electoral fraud, at the Company.

The full open letter to the Commission may be found at: http://www.revivemallinckrodt.com/

Members of the Mallinckrodt Plc. Board of Directors: Mark C. Trudeau, Angus Russell, Anne C. Whitaker, Joann A. Reed, Carlos V. Paya (M.D., Ph.D.), J. Martin Carroll, Paul R. Carter, David Norton, Kneeland Youngblood, and David Carlucci.

About Buxton Helmsley: The Buxton Helmsley Group, Inc. ("BHG") is a premier financial service, asset management and securities research firm, providing an array of services to a diversified group of individuals, corporations, trusts and other entities. The firm is headquartered in New York City.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026006040/en/

Media:

Public Relations and Corp. Comm.

The Buxton Helmsley Group, Inc.

Tel: +1 (212) 561 - 5540, Option 4

press@buxtonhelmsley.com

 

Source: The Buxton Helmsley Group, Inc.

FAQ

What allegations were made against Mallinckrodt Plc in the recent open letter?

The allegations include fraudulent financial statements, bankruptcy fraud, insider trading, proxy fraud, and electoral fraud.

Who issued the open letter to the SEC regarding Mallinckrodt Plc?

The open letter was issued by The Buxton Helmsley Group, Inc. on behalf of significant shareholders.

What is the stock symbol for Mallinckrodt?

The stock symbol for Mallinckrodt is MNKKQ.

Why did The Buxton Helmsley Group address the SEC about Mallinckrodt?

BHG seeks SEC intervention to address serious allegations affecting investor interests.

Where can I find the full open letter related to Mallinckrodt Plc?

The full open letter can be found at www.revivemallinckrodt.com.