Mallinckrodt -23% because it reportedly loses restructuring companies – Mallinckrodt plc (NYSE: MNK)

Mallinckrodt (NYSE: MNK) has dropped 23.3% after hours after Bloomberg reported the company's hired companies to explore restructuring.

The company has employed Latham & Watkins as a law firm and AlixPartners as consultants to advise on potential costs from thousands of opioid lawsuits.

It may consider bankruptcy if the liabilities are not manageable, according to the report.

Also lower in the wake of the report: Teva (NYSE: TEVA) -1.4% postmarket; Endo International (NASDAQ: ENDP) -11.5% .

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