Endo International PLC is moving toward a bankruptcy filing, potentially setting off intense conflicts with state and local governments that have sued the pharmaceuticals company for its alleged role in fueling the opioid crisis.
Without a deal with opioid plaintiffs after years of negotiations, Endo is considering filing for bankruptcy as a means to restructure its more than $8 billion of debt and thousands of outstanding lawsuits, according to people familiar with the matter.
Source: https://www.wsj.com/articles/endo-moving-toward-bankruptcy-filing-without-opioid-settlement-deal-11657649813?siteid=yhoof2&yptr=yahoo