Shareholders Foundation, Inc.

Lawsuit for Investors in Shares of Endo International Plc (NASDAQ:ENDP) Seeks to Recover Losses

A lawsuit was filed on behalf of investors in Endo International plc - Ordinary Shares (NASDAQ:ENDP) shares over alleged securities laws violations and NASDAQ:ENDP investors should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 11/10/2016 -- The Shareholders Foundation announced that an investor, who purchased shares of Endo International plc - Ordinary Shares (NASDAQ:ENDP), filed a lawsuit in New York over alleged violations of Federal Securities Laws by Endo International plc in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Endo International plc - Ordinary Shares (NASDAQ:ENDP), have certain options and for certain investors are short and strict deadlines running. Deadline: January 6, 2017. NASDAQ:ENDP investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges on behalf of purchasers of Endo International plc - Ordinary Shares (NASDAQ:ENDP) common shares between September 28, 2015 and November 2, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 28, 2015 and November 2, 2016 the Defendants made false and/or misleading statements and/or failed to disclose that Endo International plc's subsidiary, Par Pharmaceutical, had colluded with several of its industry peers to fix generic drug prices, that the foregoing conduct constituted a violation of federal antitrust laws, that consequently, Endo International plc's revenues between September 28, 2015 and November 2, 2016were in part the result of illegal conduct, and that as a result of the foregoing, Endo's public statements were materially false and misleading at all relevant times.

According to news reports United States prosecutors may file criminal charges against Endo International plc and others by the end of 2016 for suspected price collusion. It was reported that the, "antitrust investigation by the Justice Department, begun about two years ago, now spans more than a dozen companies and about two dozen drugs, according to people familiar with the matter. The grand jury probe is examining whether some executives agreed with one another to raise prices, and the first charges could emerge by the end of the year, they said." The companies identified as targets or relevant parties in the United States investigation include Mylan NV, Teva Pharmaceutical Industries Ltd, Allergan Plc, Lannett Co., Impax Laboratories Inc., Sun Pharmaceutical Industries Ltd., Mayne Pharma Group Ltd., Endo International Plc and Taro Pharmaceutical Industries Ltd. Endo International plc - Ordinary Shares (NASDAQ:ENDP) declined on November 3, 2016 to as low as $14.39 per share.

Those who purchased shares of Endo International plc - Ordinary Shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com