Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Endo International plc of Class Action Lawsuit and Upcoming Deadline - ENDP

share with twitter share with LinkedIn share with facebook
11/18/2016 | 09:04pm EDT

NEW YORK, Nov. 18, 2016 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Endo International plc ("Endo" or the "Company") (NASDAQ: ENDP) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 16-cv-08645, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Endo securities between September 28, 2015 and November 2, 2016, both dates inclusive (the "Class Period"), seeking to recover compensable damages caused by defendants' violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Endo securities during the Class Period, you have until January 6, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

Endo develops, manufactures, and distributes pharmaceutical products and devices worldwide. The Company's U.S. Generic Pharmaceuticals segment provides tablets, capsules, powders, injectables, liquids, nasal sprays, ophthalmics, and transdermal patches for pain management, urology, central nervous system disorders, immunosuppression, oncology, women's health, and cardiovascular disease markets. Endo sells its branded pharmaceuticals and generics directly, as well as through wholesale drug distributors.

On September 28, 2015, Endo announced that it had completed its $8.05 billion acquisition of Par Pharmaceutical Holdings, Inc. ("Par Pharmaceutical") from the private investment firm TPG.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Endo's subsidiary, Par Pharmaceutical, had colluded with several of its industry peers to fix generic drug prices; (ii) the foregoing conduct constituted a violation of federal antitrust laws; (iii) consequently, Endo's revenues during the Class Period were in part the result of illegal conduct; and (iv) as a result of the foregoing, Endo's public statements were materially false and misleading at all relevant times.

On November 3, 2016, media outlets reported that U.S. prosecutors were considering filing criminal charges by the end of 2016 against Par Pharmaceutical and several other pharmaceutical companies for unlawfully colluding to fix generic drug prices.

On this news, Endo's share price fell $3.54, or 19.48%, to close at $14.63 on November 3, 2016.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert--pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-endo-international-plc-of-class-action-lawsuit-and-upcoming-deadline--endp-300366158.html

SOURCE Pomerantz LLP

© PRNewswire 2016

share with twitter share with LinkedIn share with facebook
Latest news "Companies"
06:59pTENABLE : Corporate Presentation
PU
06:59pDOMINION ENERGY : Smart Meters
PU
06:59pPPD : Q3 2020 Financial Results Presentation
PU
06:59pMERCURY GENERAL : Insurance is Ready to Help Victims of the Silverado and Blue Ridge Fires
PU
06:59pAMGEN : Announces Webcast Of 2020 Third Quarter Financial Results
PR
06:59pKBRA Assigns Preliminary Ratings to Oportun Funding 2020-1, LLC
BU
06:56pMNF GROUP LTD (ASX : MNF) 2020 CEO AGM Presentation
AQ
06:55pTARUGA MINERALS : Extension of Option Agreement with Strikeline Resources
PU
06:55pTRIANGLE ENERGY GLOBAL : Notice of Annual General Meeting/Proxy Form
PU
06:55p2U : Q3 2020 Earnings Presentation
PU
Latest news "Companies"