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BRIEF-Endo Announces Execution Of Settlement Agreement & Release Resolving "Track 1" Opioid Cases

Published 2019-09-05, 11:56 a/m
© Reuters.  BRIEF-Endo Announces Execution Of Settlement Agreement & Release Resolving "Track 1" Opioid Cases
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Sept 5 (Reuters) - Endo International PLC ENDP.O :

* ENDO ANNOUNCES EXECUTION OF FINAL SETTLEMENT AGREEMENT AND RELEASE RESOLVING "TRACK 1" OPIOID CASES

* ENDO INTERNATIONAL PLC - ENDO WILL PAY A TOTAL SUM OF $10 MILLION

* ENDO INTERNATIONAL - AGREEMENT RESOLVES CLAIMS THAT WERE OR COULD HAVE BEEN ASSERTED BY 2 PLAINTIFF COUNTIES AGAINST ENDO ENTITIES IN TRACK 1 CASES

* ENDO INTERNATIONAL PLC - ENDO WILL PROVIDE UP TO $1 MILLION OF ITS VASOSTRICT AND ADRENALIN PRODUCTS FREE OF CHARGE

* ENDO INTERNATIONAL PLC - CUYAHOGA COUNTY WILL RECEIVE $6.2 MILLION IN CASH AND UP TO $620,000 OF VASOSTRICT AND/OR ADRENALIN

* ENDO INTERNATIONAL PLC - SUMMIT COUNTY WILL RECEIVE $3.8 MILLION IN CASH AND UP TO $380,000 OF VASOSTRICT AND/OR ADRENALIN

* ENDO - IN EVENT OF RESOLUTION OF GOVERNMENT-RELATED OPIOID CLAIMS, 2 PLAINTIFF COUNTIES WILL GET VALUE THEY WOULD'VE RECEIVED LESS VALUE OF SETTLEMENT DEAL

* ENDO INTERNATIONAL - SETTLEMENT AGREEMENT INCLUDES NO ADMISSION OF WRONGDOING, FAULT OR LIABILITY OF ANY KIND BY ENDO ENTITIES

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