A bankruptcy judge on Thursday approved paying $93,000 in short-term incentives to employees and sales reps at Endo International but delayed a broader decision on big bonuses to corporate insiders and others.
Endo, based in Malvern, Pennsylvania, one of the nation’s largest opioid makers, paid $94 million in bonuses to its top executives and high-level employees before it filed for bankruptcy in mid-August, and the company has proposed in its restructuring plan an additional $98 million in bonuses for Endo employees this year, according to court documents.
A federal bankruptcy watchdog and a committee of opioid victims say the bonuses drain Endo’s financial resources as it faces 3,100 opioid lawsuits.
