***IMPORTANT CASE UPDATE***
On April 25, 2023, the Claims Administrator conducted the initial distribution of settlement funds to eligible claimants. Please address any questions regarding your payment to the Claims Administrator.
If you purchased or otherwise acquired the publicly traded common stock of Endo International plc (“Endo” or the “Company”) issued in or traceable to the Company’s June 5, 2015 secondary offering of common stock, you may be entitled to a payment from a class action settlement.
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees and Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.
The purpose of the Notice is to inform you of the pendency of this securities class action (the “Action”), the proposed settlement of the Action (the “Settlement”), and a hearing to be held by the Court to consider: (i) whether the Settlement should be approved; (ii) whether the proposed plan for allocating the proceeds of the Settlement (the “Plan of Allocation”) should be approved; and (iii) Class Counsel’s application for attorneys’ fees and expenses. The Notice describes important rights you may have and what steps you must take if you wish to participate in the Settlement, wish to object, or wish to be excluded from the Settlement Class.
If approved by the Court, the Settlement will create a $50 million cash fund, plus earned interest, for the benefit of eligible Settlement Class Members, after the deduction of attorneys’ fees and expenses awarded by the Court, Notice and Administration Expenses, and Taxes. This is an average recovery of approximately $1.80 per allegedly damaged share, before these deductions.
The Settlement resolves claims by plaintiff Public Employees’ Retirement System of Mississippi (“Plaintiff” or “Mississippi PERS”) that have been asserted on behalf of the Settlement Class (defined below) against the Company; Rajiv Kanishka Liyanaarchchie De Silva, Suketu P. Upadhyay, Daniel A. Rudio, Roger H. Kimmel, Shane M. Cooke, John J. Delucca, Arthur J. Higgins, Nancy J. Hutson, Ph.D, Michael Hyatt, William P. Montague, Jill D. Smith, William F. Spengler (collectively, the “Individual Defendants” and with Endo, the “Endo Defendants”); and Goldman Sachs & Co. LLC (named herein as Goldman, Sachs & Co.), J.P. Morgan Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., RBC Capital Markets, LLC, Citigroup Global Markets Inc. (named here in as Citigroup Global Markets, LLC), Morgan Stanley & Co. LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, and MUFG Securities Americas Inc. (f/k/a Mitsubishi UFJ Securities (USA) Inc.) (collectively, the “Underwriter Defendants,” and with the Endo Defendants, the “Defendants”). It avoids the costs and risks of continuing the litigation; pays money to eligible investors; and releases the Released Defendant Parties (defined below) from liability.
If you are a Settlement Class Member, your legal rights will be affected by this Settlement whether you act or do not act.
Please read the Notice carefully.
| IMPORTANT DATES |
| FILING DEADLINE: |
The deadline to submit a claim has passed. |
| EXCLUDE YOURSELF: |
The deadline to exclude yourself from the Settlement has passed. |
| OBJECT: |
The deadline to object to the Settlement has passed. |
| ATTEND HEARING: |
The Court held a final Settlement Hearing on November 25, 2019, and approved the Settlement, proposed Plan of Allocation and the motion requesting attorneys' fees and expenses. A copy of the order can be accessed on the Court Documents section. |
These rights and options—and the deadlines to exercise them—are explained in this Notice.
The Court held a final Settlement Hearing on November 25, 2019 and approved the Settlement, the proposed Plan of Allocation and the motion requesting attorneys’ fees and expenses. Copies of the orders can be accessed on the Court Documents section.
Please read the Notice carefully.
If you have questions, you may call the Mississippi PERS v. Endo International Securities Litigation Help Line at 877-307-6170 or email info@endointernationalsecuritiessettlement.com.