NEW YORK, Nov. 25, 2016 (GLOBE NEWSWIRE) -- 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
CONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com
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