The complaint alleges that throughout the Class Period, defendants made statements that were false and/or misleading and/or failed to disclose: (1) that the full scope of Endo’s and/or that of its subsidiaries’ contributions to the opioid crisis, including, but not limited to, their opioid products’ disproportionately negative impact on New York, one of the most populous states in the U.S., as well as the fraud that was perpetrated by the Defendants on the New York insurance market; (2) that a portion of that contribution to the opioid crisis included Endo publishing and disseminating false information to health care providers in regard to the risks and benefits of opioids; (3) that the foregoing, once revealed, was foreseeably likely to subject Endo and/or its subsidiaries to increased regulatory scrutiny and enforcement, as well as significant financial and/or reputational harm, specifically with respect to New York; and (4) that, as a result, the public statements made by the company were materially false and misleading at all relevant times.
Endo International, plc
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