American Medical Settles Suits Over $2.9B Endo Buy

Law360, New York (June 3, 2011, 2:31 PM EDT) -- American Medical Systems Holdings Inc. said Thursday that it had settled two shareholder class actions in Minnesota state court over Endo Pharmaceuticals' $2.9 billion purchase of the pelvic health company.

Minnetonka, Minn.-based American Medical Systems said it would settle the lawsuits solely to avoid the risks and costs of the litigation but didn't admit any wrongdoing.

The two lawsuits, which were filed April 29 and May 5 in a Hennepin County, Minn., court, alleged that the deal undervalued the company, that the members of American Medical...
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