UPDATE 1-Drugmaker Endo to pay $10 million to settle opioid case ahead of trial [Reuters]
Endo International plc - Ordinary Shares (ENDP)
Last endo international plc - ordinary shares earnings: 2/26 06:00 am
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Source: Reuters
Drugmaker Endo to pay $10 million to settle opioid case ahead of trial (Reuters) - Endo International Plc on Tuesday said it had agreed to pay $10 million to avoid going to trial in October in a landmark case by two Ohio counties accusing various drug manufacturers and distributors of fueling the U.S. opioid epidemic. Endo said as part of the agreement-in-principle it had reached with Cuyahoga and Summit counties, it had also agreed to provide up to $1 million of two of its drug products free of charge. The tentative deal marked the first to be struck by a drug company ahead of the first trial to result from around 2,000 lawsuits consolidated before a federal judge in Ohio seeking to hold drug companies responsible for the deadly epidemic. The cases by the two Ohio counties were selected for the first bellwether, or test, trial in the litigation to allow parties to gauge the value of the remaining claims and inform potential settlement talks. Other companies still set to face trial in
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