Endo International Plc.

Endo International Plc. (formerly, NASDAQ: ENDP) — After The Buxton Helmsley Group, Inc. (“BHG”) and its affiliates opened a net short interest in Endo’s common stock (around February 2022), Alexander E. Parker (on behalf of BHG) engaged in multiple instances of private correspondence with Endo and its board of directors, definitively alleging breaches of Irish law and fiduciary duty, self-dealing, and violations of financial disclosure standards. Upon Endo backing out of it initial request for BHG to participate in a closed-door meeting for the purpose of resolving Mr. Parker’s “misplaced concerns,” BHG publicly released the previously private letters as part of a May 13, 2022, open letter addressed to Endo’s shareholders and creditors.

Within five days of Mr. Parker’s open letter to Endo’s shareholders and creditors, The Wall Street Journal reported that the company had began restructuring negotiations initiated by their first-lien creditors, causing Endo’s stock price to plummet over 60% in a single trading session (on May 18, 2022).

Shortly after The Wall Street Journal’s report, Mr. Parker issued a follow-on open letter to Endo’s board of directors, demanding compliance with certain GAAP accounting standards (most notably, GAAP ASC 350, due to the continued material overstatement of goodwill value being carried on the company’s balance sheet). Endo’s leadership proceeded to, on August 9, 2022 (days after Mr. Parker’s follow-on public letter), charge off—as a loss—nearly $2 billion in goodwill value from the company’s balance sheet (shedding over 20% of the company’s total asset value reported the prior quarter).

A week after shocking investors with this reported loss, on August 16, 2022, Endo filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York (Case No: 22-22549).

Relevant Disclosure: The above-described investor engagement campaign was conducted by The Buxton Helmsley Group, Inc., which was previously authorized to use the “Buxton Helmsley” trademark. The Buxton Helmsley Group, Inc. is in no way affiliated with Buxton Helmsley, Inc. or its affiliated entities. This information is only relevant to Buxton Helmsley, Inc. and its affiliated entities merely due to their employment of the same key principal, Alexander E. Parker.