Endo International mediator wants to extend mediation through May

By Sarah Lizee

Olympia, Wash., April 21 – The mediator for Endo International plc’s Chapter 11 case is hoping to extend mediation through May 31, according to a status report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The mediator, retired judge Shelley C. Chapman, said she continues to engage in active and ongoing negotiations with the mediation parties, in particular with those parties with whom a settlement has not yet been achieved.

Given the ongoing negotiations, Chapman believes it is in the best interest of all stakeholders for the end date to be further extended to May 31.

Prior to the filing of the status report, Chapman sought and obtained the written consent of each of the mediation parties for the extension.

Chapman requested that, if the court grants the extension, she would be authorized to extend the end date to June 16 in her sole discretion.

As previously reported, the company recently reached settlements through the mediation with the official committee of unsecured creditors and the official committee of opioid claimants, and now has their support for a restructuring deal that would allow for the sale to the first-lien lenders.

Endo is a Dublin, Ireland-based specialty pharmaceutical company that filed bankruptcy on Aug. 16, 2022. The Chapter 11 case number is 22-22549.

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