Joseph Steinfeld Recently Quoted in the Washington Post
Sep 05, 2023
Under the original settlement, victims collectively would have received about $160 million, a significant figure that aimed to compensate for their personal injuries caused by Mallinckrodt’s actions. Attorney Joseph Steinfeld, who represents approximately 20,000 individuals with claims against the company, sheds light on the potential impact of the bankruptcy plan. If this proposed plan moves forward successfully, it is estimated that the total compensation amount will range between $50 million and $60 million—a substantial reduction from what was initially anticipated. This unforeseen outcome raises concerns regarding whether these funds will be sufficient to adequately address the physical and emotional consequences experienced by those affected. The revision in financial allocation might prompt further discussions and deliberations within legal circles as they strive to navigate an equitable resolution for all parties involved in this complex case.
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