August 19, 2024
After pushing Par Pharmaceutical to grow its market share in generic opioids and disregard federal requirements to report suspicious orders, TPG Capital saw other opioid manufacturers being inundated with litigation and sold Par to "an unsuspecting" Endo International PLC, according to a lawsuit filed in New York bankruptcy court.
August 16, 2024
Consulting giant McKinsey & Co. should pay at least $1.5 billion to cover costs pharmaceutical developer Endo International racked up defending against claims that it helped drive the opioid crisis, an unsecured creditors' trustee has said, telling a New York bankruptcy judge the consultant's marketing and sales advice lit a "ticking time bomb" that sent Endo into Chapter 11.
April 22, 2024
The committee of unsecured creditors in the Chapter 11 case of pharmaceutical company Endo International asked a New York bankruptcy judge Monday for permission to enter into a $50 million secondary financing facility to help the creditor trust created under the company's bankruptcy plan pursue litigation and settlements of potential claims.
March 20, 2024
Drugmaker Endo International got a New York bankruptcy judge's approval for its Chapter 11 plan that aims to cut more than $5 billion in debt and hand over ownership to its lenders, roughly a month after it finalized a $465 million deal to resolve criminal and civil opioid claims.
February 29, 2024
Drugmaker Endo International has agreed to pay as much as $465 million to resolve criminal and civil claims stemming from its sale and marketing of a powerful opioid, and will turn over its assets to a group of secured lenders who will operate the company under a new corporate structure.
February 02, 2024
Endo has asked a New York bankruptcy judge to pause the opioid litigation leveled against it for five more months, asserting that the pharmaceutical company made "wide-ranging progress" in its Chapter 11 case and expects to have a reorganization plan confirmed by March.
September 21, 2023
Skadden Arps Slate Meagher & Flom LLP was cleared Thursday by a New York judge to be paid over $19 million for its work from January to April 2023 on the Chapter 11 bankruptcy of pharmaceutical company Endo International PLC.
July 20, 2023
Bankrupt pharmaceutical company Endo International PLC told a New York judge Thursday that it has resolved objections from key stakeholders in its Chapter 11 case and garnered increased support for a $6 billion sale of its assets to a group of debtholders.
July 19, 2023
Bankrupt pharmaceutical company Endo International asked a New York bankruptcy court Tuesday to approve a settlement with distributors, manufacturers and pharmacies over indemnification of claims in opioid litigation that should remove an obstacle blocking the sale of Endo's assets.
April 12, 2023
A New York bankruptcy judge on Wednesday gave Endo International permission to settle a contract dispute with COVID-19 vaccine maker Novavax for $27 million after the pharmaceutical company said Novavax may be heading for bankruptcy itself.