Endo International (ENDP) Reaches Agreement in Principle to Settle Louisiana Governmental Opioid Cases and Claims

Endo International plc (NASDAQ: ENDP) ("Endo") today announced that it has reached an agreement in principle with the Louisiana Attorney General's office to settle all opioid-related cases and claims of the state and other Louisiana governmental persons and entities in exchange for a total payment of $7.5 million. The settlement, including the payment, will be subject to 100% participation by Louisiana's political subdivisions (to be provided to Endo by October 28, 2021) and the execution of definitive documentation. The settlement will include no admission of wrongdoing, fault or liability of any kind by Endo and its value should not be extrapolated to any other opioid-related cases or claims.

"We are very pleased to have reached an agreement in principle to settle all of Louisiana's governmental opioid cases and claims following outreach by counsel for the Louisiana Attorney General's office," said Matthew J. Maletta, Executive Vice President and Chief Legal Officer of Endo. "The Attorney General's constructive approach provided the opportunity for accelerated negotiation and resolution, and once the required political subdivision participation threshold is achieved, funds will be promptly delivered to Louisiana to help address the state's opioid abuse crisis."

As Endo has previously disclosed, the Company is focused on its primary goal of achieving a global settlement of all remaining opioid claims. At the same time, Endo is exploring other strategic alternatives and will pursue settlements that it believes are in the best interests of the Company. Endo cannot speculate on the likelihood, nature or timing of any outcome.

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