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Endo Collectors Search Standing to Sue Lenders, Firm Executives

Jan. 24, 2023, 11:09 PM

Opioid dependancy victims and different collectors of Endo Worldwide plc requested for standing to sue the drugmaker’s executives and secured lenders, saying the corporate is letting precious claims and belongings slip away in chapter.

Endo has improperly agreed to offer away billions in precious belongings in trade for nothing, committees representing unsecured collectors and opioid claimants argued in a Monday submitting within the US Chapter Courtroom for the Southern District of New York.

Beneath its proposed plan to exit chapter, Endo would hand its enterprise over to senior lenders in trade for about $6 billion of debt forgiveness except a …

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