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Drugmaker Endo Consults Restructuring Experts Amid Lawsuits (1)

Aug. 26, 2021, 2:40 PM

Drugmaker Endo International Plc is huddling with debt restructuring experts from Skadden, Arps, Slate, Meagher & Flom and PJT Partners as it considers how to address financial liabilities related to opioid lawsuits, according to people with knowledge of the conversations.

Endo is contemplating its options after peers including Purdue Pharma LP and Mallinckrodt Plc filed for chapter 11 bankruptcy protection to settle their own stacks of lawsuits. The company is in court in New York this week for a case where it faces more than $1 billion in damages.

Conversations with advisers Skadden, PJT and advisory firm Alvarez & Marsal ...