By Maria Chutchian 

and Dietrich Knauth 

(Reuters) - Pharmaceutical company Mallinckrodt PLC on Thursday won court approval of its reorganization plan, which includes a $1.7 billion settlement of opioid-related litigation, bringing its 16-month bankruptcy close to an end. 

U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware signed off on the plan in a 103-page written decision. In addition to settling thousands of lawsuits accusing it of deceptively marketing its opioids, the plan allows Mallinckrodt to reduce $5.3 billion in debt by $1.3 billion and hands control of the reorganized company to creditors. 

CEO Mark Trudeau said in a statement on Thursday that the company is “pleased to have achieved” this milestone. read more 

The settlement comes as more than 100,000 Americans are dying each year - from the scourge of drug overdose and Fentanyl laced drugs! Young Americans are dying in record numbers. 

Editor, Daily Stock Deals 

From The Editor of Daily Stock Deals: 

For timely, actionable and potentially profitable news and uncensored views:> sign up for FREE in 15 seconds 

Keep an eye on this space for major announcements! 

Reminder: Free Membership enables immediate access to @TOP10STOCKS a great way to start your trading day. 

You may also like these stories: 

The inside story of Hackers who stole $4.5 Billion in Bitcoin, Their Last Tweets have clues. Who is behind Morgan and Lichtenstein? Buying Walmart Gift Cards was their dumbest idea. Peck & Pelker prosecuting the Largest Property Seizure in the US history.  

Money Laundering Scheme, JEFFREY CHARTIER, STEPHANIE LEE, LAWRENCE ISEN, ERIK MATZ, RONALD HARDY  

Gang of 14 Penny Stock Manipulators, Anthony Vassallo of Elite Stock Research, Robert Gilbert of Accredited Investor Preview, cooked up $147 million penny stock manipulation scheme