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Endo to resolve US mesh product liability claims

Endo International plc reached agreements to resolve virtually all known U.S. mesh product liability claims and is engaged in discussions to resolve the known remaining U.S. claims at reasonable values.

The company will make installment payments beginning in the fourth quarter of 2017 and continuing through the fourth quarter of 2019.

As part of its second-quarter results, Endo plans to increase its mesh product liability accrual by $775 million, which is expected to cover about 22,000 U.S. mesh claims, as well as all known international mesh product liability claims and other mesh-related matters.