Endo Creditors Tap Restructuring Advisers Amid Opioid Suits (1)

Secured debtholders to Endo International Plc have hired Evercore Inc.as financial adviser as the drugmaker faces potential damages stemming from opioid-related litigation, according to people familiar with the situation. The ad hoc group has been working with counsel Gibson Dunn & Crutcher, the people said.

Meanwhile, certain holders of Endo’s secured and unsecured debt have selected Perella Weinberg Partners as adviser and Paul Weiss Rifkind Wharton & Garrison as legal adviser, said the people, who asked not to be identified because the matter is private.

The move by debtholders to bring on advisers comes ahead a July 26 ...