This class action brought pursuant to the Securities Act of 1933 alleges that Endo International and a team of underwriters participated in the offering of new securities after having provided the public with false and misleading information related to the company’s prospects going forward. In particular, Mississippi, which purchased Endo shares in a secondary offering, alleges that defendants mispresented demand for its pain and controlled substances products, engaged in “trade loading” to artificially advance the recognition of revenue, and overpaid for an acquisition.
Public Employees’ Retirement System of Mississippi v. Endo International PLC, Case No. 2017-02081-MJ (Chester County, PA 2017)
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