Exclusive: OxyContin maker Purdue taps financial restructuring adviser - sources [Reuters]
Endo International plc - Ordinary Shares (ENDP)
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Source: Reuters
Exclusive: OxyContin maker Purdue taps financial restructuring adviser - sources | Reuters 3 Min Read NEW YORK/BOSTON (Reuters) - OxyContin maker Purdue Pharma LP has tapped law firm Davis Polk & Wardwell LLP for financial restructuring advice, as its potential liabilities swell with a wave of lawsuits over the opioid addiction epidemic sweeping the United States, people familiar with the matter said on Thursday. Purdue and other opioid manufacturers, including Endo International Plc and Johnson & Johnson, have been fighting hundreds of lawsuits filed by U.S. states, counties and cities accusing the drugmakers of pushing addictive painkillers through deceptive marketing. U.S. President Donald Trump said on Thursday that he would like to bring a federal lawsuit against the companies over the opioid crisis. According to the U.S. Centers for Disease Control and Prevention, opioids were involved in more than 49,000 deaths in the United States last year. The sources that disclosed the appo
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