Endo International plc

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Case Summary
Company Name: Endo International plc
Stock Symbol : NASDAQ: ENDP
Class Period Start: 03/02/2015
Class Period End: 05/06/2016
Lead Plaintiff motion: 07/25/2016
Date Filed: 05/25/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the July 25, 2016 lead plaintiff deadline in a class action lawsuit filed against Endo International plc (NASDAQ: ENDP) (“Endo” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Endo International plc securities between March 2, 2015 and May 6, 2016, have until July 25, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Endo International plc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Endo Pharmaceuticals’ arrangements with PBMs with respect to the migraine therapy Frova included questionable incentives intended to increase sales revenues; consequently, Endo’s revenues and revenue projections relied in part on unsustainable arrangements; and as a result of the foregoing, Defendants’ statements about Endo’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On May 5, 2016, Endo reported a loss for the quarter ended March 31, 2016 and significantly reduced its targeted revenue guidance from that given in March, just two months prior. Endo also revealed that its President of U.S. Branded Pharmaceuticals segment, Brian Lortie had resigned. 

Following this news, NASDAQ: ENDP shares dropped 39.19% on May 6, 2016.

If you were negatively impacted by your investment in Endo International plc securities between March 2, 2015 and May 6, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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