Endo inks $465M bankruptcy deal settling criminal and civil opioid cases

En­do agreed to pay up to $464.9 mil­lion to re­solve claims around the mar­ket­ing of its for­mer opi­oid pain med­ica­tion Opana ER.

The com­pa­ny this week an­nounced a se­ries of set­tle­ments, in­clud­ing a bank­rupt­cy agree­ment that calls for 10 an­nu­al pay­ments to the fed­er­al gov­ern­ment to­tal­ing $364.9 mil­lion. The deal al­so in­cludes an ad­di­tion­al pay­ment of up to $100 mil­lion, de­pend­ing on the “busi­ness per­for­mance of the new com­pa­ny.”

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