En­do files for Chap­ter 11 as it looks to fin­ish off its opi­oid lit­i­ga­tion

Irish drug­mak­er En­do In­ter­na­tion­al is en­ter­ing in­to bank­rupt­cy as it faces the weight of se­ri­ous lit­i­ga­tion re­lat­ed to its in­volve­ment in the opi­oid epi­dem­ic in the US.

The com­pa­ny has filed Chap­ter 11 pro­ceed­ings in the US Bank­rupt­cy Court for the South­ern Dis­trict of New York, with the com­pa­ny ex­pect­ed to file recog­ni­tion pro­ceed­ings in Cana­da, the UK and Aus­tralia. The com­pa­ny’s bank­rupt­cy fil­ing showed the com­pa­ny had as­sets and li­a­bil­i­ties in the range of $1 bil­lion to $10 bil­lion.

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