Endo International (ENDP) Announces Favorable Final California Opioid Ruling

Endo International plc (NASDAQ: ENDP) announced that one of the first public nuisance cases filed against manufacturers of prescription opioid medications has ended with a California trial court issuing a final ruling that the defendants, including Endo's wholly-owned subsidiaries Endo Health Solutions Inc. (EHSI) and Endo Pharmaceuticals Inc. (EPI), are not liable.

"We are very pleased with the trial court's final ruling and agree with its conclusion that the plaintiffs failed to present evidence demonstrating false or misleading marketing by Endo or a plausible causal link between Endo's marketing and opioid abuse and misuse," said Matthew J. Maletta, Executive Vice President and Chief Legal Officer of Endo. "We are deeply concerned about the opioid abuse crisis and believe this crisis can only be solved through intensive collaboration among the multiple stakeholders. We remain committed to working collaboratively on a comprehensive solution to the opioid abuse crisis and to continuing Endo's longstanding mission of developing and delivering life-enhancing products through focused execution."

The case was filed in 2014 on behalf of the People of the State of California by Orange and Santa Clara Counties as Case No. 30-2014-00725287-CU-BT-CXC. Los Angeles County and the City of Oakland later joined as plaintiffs.

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