Endo PI Trust – Claims Submission Update
April 4, 2025
As outlined in the PI Trust Distribution Procedures under Section 4.3, Allowed PI Opioid Claims will be paid a simple pro rata share of the distributable proceeds held by the PI Trust based on the total number of timely Allowed PI Opioid Claims submitted (the “Pro Rata Payment”); therefore, a determination of the Award amount for each Allowed PI Opioid Claim could not be made until after the deficiency notification period ran and the final Allowed PI Opioid Claims were determined.
Based on the total number of Allowed PI Opioid Claims, the current pro rata gross award estimate prior to any admin fees, medical liens if applicable, and attorney’s fees or case expenses (if you have an attorney) is $390. All Allowed PI Opioid Claimants who are deemed to have an Allowed PI Opioid Claim are entitled to the current pro rata gross award estimate of $390.
Based on the total number of Allowed PI Opioid Claimants that timely granted the non-GUC Release and are therefore entitled to the non-GUC Multiplier, the current non-GUC Multiplier gross award estimate is $1,560. Allowed PI Opioid Claimants who timely granted the non-GUC Release are entitled to the current non-GUC Multiplier gross award estimate that is $1,560.
The non-GUC Multiplier is 4x the pro rata award amount. The current estimated pro rata award amount is $390. $390 x 4 = $1,560.
If an Allowed PI Opioid Claimant timely granted the non-GUC release, the current estimated gross pro rata award plus non-GUC Multiplier gross award prior to any admin fees, medical liens if applicable, and attorney’s fees or case expenses (if you have an attorney) is $1,950.
Current estimated gross pro rata award ($390) + current estimated gross non-GUC Multiplier ($1,560) = $1,950.
The PI Trust will be sending status letters regarding all timely filed claims throughout the months of April and May.
Please note that Allowed Claims will not begin to be paid in April 2025. Now that the Trust has determined the estimated pro rata awards and the non-GUC Multiplier, Allowed PI Opioid Claimants must clear the lien resolution process prior to the Trust paying the Allowed PI Opioid Claimant’s pro rata share, as required under the PI TDP. A reasonable estimate is that the Trust will begin paying Allowed PI Opioid Claims that have cleared the lien resolution process by mid-2025.
As previously communicated, potential claimants who filed PI Opioid Claims between June 11 and June 30 will probably have their claim DENIED. The submission of PI Claims was BARRED as of July 1, 2024. The Trust will not process PI Claims submitted July 1, 2024, forward.
Thank you,
Ed Gentle
Trustee
We are pleased to inform you that on March 22, 2024, the United States Bankruptcy Court for the Southern District of New York entered an Order confirming the Fourth Amended Joint Chapter 11 Plan of Reorganization of Endo International plc And Its Affiliated Debtors (the “Plan”). The Plan became effective as of April 23, 2024, (the “Effective Date”), when funding occurred.
More information regarding the approved Plan, the Trust Agreements and the Trust Documents discussed below can be found under the Pleadings and Important Documents tab.
The Plan allows for the creation of the Endo Opioid Personal Injury Trust (the “PI Trust”), as well as the creation of the Endo Neonatal Abstinence Syndrome Personal Injury Trust (“NAS PI Trust”).
PI TRUST
The Plan allows for the creation of the PI Trust to (i) assume all liability for the Non-Nas Personal Injury Opioid Claims (“PI Opioid Claims”), (ii) collect distributions made on account of the PI Trust Share in accordance with the PI Trust Documents, (iii) administer the PI Opioid Claims, (iv) make distributions to holders of Allowed PI Opioid Claims in accordance with the PI Trust Documents, and (v) carry out other matters as set forth in the PI Trust Documents.
A PI Opioid Claim means any and all present private opioid claims against any of the Debtors (a) held by a natural person (1) resulting from an injury to such natural person identified on the Claim Form, which injury resulted from such natural person’s exposure to opioids or opioid replacement treatment medication, and (2) arising from such natural person’s use of a Endo Qualifying Opioid or the use by a decedent of a Endo Qualifying Opioid prior to January 1, 2019, and (b) for which a Proof of Claim was filed by the General Bar Date of July 7, 2023.
In order to be able to file a PI Opioid Claim, the claimant must have first filed a Proof of Claim against the Debtor in the Chapter 11 Bankruptcy case by the General Bar date of July 7, 2023, set by the Bankruptcy Court. However, in order to be eligible to receive funds from the PI Trust, the CLAIMANT MUST ALSO FILE A PI OPIOID CLAIM FORM AND ANY REQUIRED DOCUMENTATION BY THE CLAIMS SUBMISSION DEADLINE, WHICH WAS 30 DAYS AFTER THE EFFECTIVE DATE, OR BY MAY 23, 2024.
The Claims Submission Deadline for PI Opioid Claims was 30 days after the Effective Date, or by May 23, 2024. Due to the short filing period, The PI Trust began accepting PI Opioid Claims on April 1, 2024, prior to the Effective Date, with any PI Opioid Claims submitted before the Effective Date deemed as received by the PI Trust on the Effective Date for claims processing purposes.
Due to the short filing period, the Trust recommends filing PI Opioid Claims as soon as possible to ensure that PI Opioid Claimants meet the Claims Submission Deadline.
For more information about PI Opioid Claims, including information on how to qualify, what award you may be eligible for, what forms and documentation must be submitted, and when payments may be made, please go to the PI Opioid Claims Tab as well as the PI Opioids Claims FAQs on the FAQs Tab.
NAS PI TRUST
The Plan allows for the creation of the NAS PI Trust to (i) assume all liability for the Neonatal Abstinence Syndrome Personal Injury Claims (“NAS PI Claims”), (ii) collect distributions made on account of the NAS PI Claims Share in accordance with the NAS PI Trust Documents, (iii) administer the NAS PI Claims, (iv) make distributions to Holders of Allowed NAS PI Claims in accordance with the NAS PI Trust Documents, and (v) carry out such other matters as are set forth in the NAS PI Trust Documents.
A NAS PI Claim means any and all present private opioid claims against any of the Debtors (a) of any natural person who has been diagnosed by a licensed medical provider with a medical, physical cognitive, or emotional condition resulting from such natural person’s intrauterine exposure to opioids or opioids replacement treatment medication, including but not limited to the condition know as neonatal abstinence syndrome; and (b) for which a Proof of Claim was filed by the General Bar Date of July 7, 2023.
In order to be able to file a NAS PI Claim, the claimant must have first filed a Proof of Claim against the Debtor in the Chapter 11 Bankruptcy case by the General Bar date of July 7, 2023 set by the Bankruptcy Court. However, in order to be eligible to receive funds from the NASPI Trust, the Claimant must also file a NAS Opioid Claim and any required documentation by the Claims Submission Deadline, which is one year after the Effective Date, or by April 23, 2025.
The Claims Submission Deadline for NAS PI Claims is one year after the Effective Date, or by April 23, 2025.
For more information about NAS PI Claims, please go to the NAS PI Claims Tab.
ENDO FUTURE PI TRUST
Please note that the Plan also allows for the creation of an Endo Future Personal Injury Trust (the “Endo Future PI Trust”) to assume liability for Future Opioid PI Claims, Future NAS PI Claims, and Future Mesh Claims (collectively, the “Future PI Claim(s)”). The Future PI Claims will be administered through a different website.
A Future Opioid PI Claim is a claim held by a natural person (a) resulting from an injury to such natural person identified on the Claim Form; (b) arising from such natural person’s own use of an Endo Qualifying Opioid, or arising from the use by a decedent of an Endo Qualifying Opioid, in each case, prior to January 1, 2019; and (c) whose first injury resulting from such use manifested after the General Bar Date of July 7, 2023, or, solely with respect to Foreign Claimants, the Extended Foreign Bar Date.
A Future NAS PI Claim is a claim held by a natural person who (a) was diagnosed by a licensed medical provider with a medical, physical, cognitive, or emotional condition resulting from such natural person’s intrauterine exposure to opioids or opioid replacement or treatment medication; and (b) are born after the General Bar Date of July 7, 2023, or, solely with respect to Foreign Claimants, the Extended Foreign Bar Date, but before the date that is the later of (i) 10 months after the General Bar Date or, solely with respect to Foreign Claimants, the Extended Bar Date; and (ii) the Effective Date.
A Future Mesh Claim means any mesh claim against the Debtor held by an individual (a) who has a transvaginal mesh Product manufactured by any of the Debtors, the Non-Debtor Affiliates, any of their respective current and former Affiliates, or any of their respective predecessors implanted in such individual before the Petition Date; and (b) whose first injury from such implantation manifested after the General Bar Date of July 7, 2023, or, solely with respect to Foreign Claimants, the Extended Foreign Bar Date.
If you believe you may have a Future PI Claim, information regarding the Future PI Trust and how to submit a Future PI Claim can be located at the website EndoFuturePITrust.com.