Settlement Administrator Angeion Group Announces Draft Class Action Settlement in Endo Securities Litigation | New



PHILADELPHIA CREAM, 22 November 2021 / PRNewswire / – IF YOU HAVE PURCHASED OR ACQUIRED COMMON SHARES OF ENDO INTERNATIONAL, PLC (“ENDP”) SINCE MARCH 2, 2015 THROUGH FEBRUARY 27, 2017, INCLUDING (THE “COLLECTIVE”), YOU MAY RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT. CERTAIN PERSONS ARE EXCLUDED FROM THE DEFINITION OF THE CLASS AS PROVIDED FOR IN THE REGULATION STIPULATION.

PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS MAY BE AFFECTED BY A CLASS ACTION PURSUING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and by order of the United States District Court of the Eastern District of Pennsylvania, that the above litigation (the “Litigation”) has been certified as a class action and that a Settlement has been proposed for $ 63,400,000.00 in liquid. A hearing will take place on February 23, 2022, To 11:00 am EST, before the Honorable Michael M. Baylson, at United States District Court, Eastern District of Pennsylvania, Courtroom 3-A, James A. Byrne Courthouse, 601 Market Street, Philadelphia, Pennsylvania 19106, or remotely depending on details to be made public on the Settlement website (www.EndoSecuritiesLitigation.com), for the purpose of determining whether: (1) the proposed Settlement should be approved by the Court as being fair, reasonable and adequate; (2) the Proposed Allocation Plan for the distribution of the proceeds of the Settlement is fair, reasonable and adequate and should therefore be approved; and (3) Lead Counsel’s request for payment of the Settlement Fund attorney’s fees and expenses, including interest earned thereon, must be approved.

IF YOU ARE A MEMBER OF THE GROUP DESCRIBED ABOVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THE DISPUTE AND YOU MAY HAVE THE RIGHT TO SHARE THE SETTLEMENT FUND. If you have not received a detailed notice of awaiting and proposed settlement of the class action (the “Notice” and a copy of the Proof of Claim, you may obtain a copy of these documents by contacting the Administrator of claims: Endo Securities Litigation, c / o Angeion Group, LLC, 1650 Arch Street, Suite 2210, Philadelphia, Pennsylvania 19103; [email protected]; 1-855-895-5522. You can also obtain copies of the Settlement Notice, Notice and Proof of Claim at www.EndoSecuritiesLitigation.com.

If you are a Class Member, to be eligible to participate in the distribution of the Net Settlement Fund, you must submit proof of claim by mail, postmarked no later than February 14, 2022, or submit it online before that date. If you are a Class Member and do not submit valid proof of claim, you will not be eligible to share the distribution of the Net Settlement Fund, but you will still be bound by any judgment rendered by the court in such litigation (including the releases provided for therein).

To exclude yourself from the Group, you must post a written request for exclusion so that it can be received by February 2, 2022, in accordance with the instructions set out in the Notice. If you are a Class Member and do not exclude yourself from the Class, you will be bound by any judgment rendered by the court in this dispute (including any disclaimers provided therein), whether or not you submit proof of claim. . If you submit a written opt-out request, you will not have any right to recover any money in accordance with the Rules.

Any objection to the proposed Settlement, to the Settlement Proceeds Allocation Plan or to the request for costs and expenses must be filed with the Court no later than February 2, 2022.

PLEASE DO NOT CONTACT THE COURT, THE OFFICE OF THE REGISTRAR, THE DEFENDANTS OR THE DEFENDANTS ‘LAWYER ABOUT THIS NOTICE. If you have any questions about the Settlement or your eligibility to participate in the Settlement, you may contact the Lead Co-Counsel at the following address or by calling 1-800-449-4900:

ROBBINS GELLER RUDMAN & DOWD LLP

NOAM MANDEL

420 Lexington Ave, Suite 1832

new York, NY 10170

[email protected]

DATE: October 25, 2021 BY COURT ORDER

UNITED STATES DISTRICT COURT

EASTERN DISTRICT PENNSYLVANIA

Media contact:

Angeion Group

Douglas S. Clauson

Director, Communications

(215) 563-4116

View original content: https://www.prnewswire.com/news-releases/settlement-administrator-angeion-group-announces-proposed-class-action-settlement-in-endo-securities-litigation-301424532.html

Angeion Group


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