Недобрые новости по $ENDP. DUBLIN, June 11, 2021 /CNW/ -- En | ФундаменталЪ

Недобрые новости по $ENDP.

DUBLIN, June 11, 2021 /CNW/ -- Endo International plc (NASDAQ: ENDP) today announced that the Tennessee Court of Appeals recently issued several orders with respect to a default judgment order on liability entered by the Circuit Court for Sullivan County, Tennessee in April 2021 against its wholly-owned subsidiaries Endo Health Solutions Inc. and Endo Pharmaceuticals Inc. (collectively, "Endo") in  Case No. C-41916, originally captioned as Staubus, et al. v. Purdue Pharma, L.P., et al.
Specifically, on June 8, 2021, the Tennessee Court of Appeals declined to review the default judgment order on a discretionary basis on the ground that a contempt judgment becomes final upon the entry of punishment and is immediately appealable as of right. 

Today, the Tennessee Court of Appeals denied without prejudice the plaintiffs' motion to dismiss Endo's separate appeal as of right from the default judgment order and directed Endo to show cause as to why its appeal should not be dismissed on the procedural ground that portions of the default judgment order were not final.  

The Tennessee Court of Appeals also denied without prejudice Endo's motion to stay further proceedings in the trial court on the procedural ground that Endo must first seek a stay from the trial court.
Matthew J. Maletta, Endo's Executive Vice President and Chief Legal Officer, commented: "As we previously stated, Endo believes the trial court's default judgment order was procedurally, factually and legally deficient. We therefore promptly appealed that order to the Tennessee Court of Appeals.  The orders issued today by the Tennessee Court of Appeals do not dispose of Endo's appeal as of right.  We will promptly take the actions directed by the Tennessee Court of Appeals and Endo will continue to seek a stay of further trial court proceedings including, if necessary, in the appellate courts."

The Company also intends to seek review by the Tennessee Supreme Court of the trial court's order permitting the substitution of new plaintiffs in the case after the Tennessee Court of Appeals denied Endo's application for discretionary review of that order on June 8, 2021.

As originally filed, the Staubus case involved allegations by three Tennessee District Attorneys General and an individual plaintiff that Endo's sale of prescription opioid medications violated Tennessee's Drug Dealer Liability Act (the "DDLA"). 

In December 2020, the Tennessee Supreme Court unanimously ruled that Tennessee's District Attorneys General lack standing to bring claims under the DDLA. On April 5, 2021, the trial court permitted several Tennessee towns, cities and counties to substitute into the case in place of the District Attorney General plaintiffs. The next day, on April 6, 2021, the trial court entered a default judgment order against Endo on liability as a sanction for alleged discovery improprieties. That order did not award any damages to the plaintiffs.  The trial court has scheduled a trial on damages to begin on July 26, 2021. 

https://www.newswire.ca/news-releases/tennessee-court-of-appeals-issues-orders-regarding-state-court-default-judgment-against-endo-816335889.HTML

Похоже, что будет давление на котировки. Это еще не то самое решение по опиатам, но показывает общую установку судов относительно компании и качество ее юристов.