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Governor Andrew Cuomo said the charges brought by New York’s Department of Financial Services are the second in that regulator’s probe into entities that contributed to the nation’s opioid crisis.
Endo shares were down 53 cents, or 11.8%, at $3.98 in late afternoon trading, with much of the decline coming after New York announced the charges.
The company did not immediately respond to a request for comment. New York brought similar charges against Mallinckrodt (NYSE:MNK) Plc on April 21.
