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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING THREE SETTLEMENT AGREEMENTS AND RELEASES RELATING TO THE SETTLEMENT OF THE LAWSUIT AGAINST CVS HEALTH CORPORATION AND CVS PHARMACY, INC. (CVS), AND TEVA PHARMACEUTICAL INDUSTRIES, LTD (TEVA), AND ALLERGAN FINANCE, LLC, ALLERGAN SALES, LLC, ALLERGAN USA, INC. AND ALLERGAN LIMITED, (ALLERGAN), AS PARTIAL SETTLEMENT OF THE ONGOING OPIOID LITIGATION CASE; APPROVING AND AUTHORIZING THE CITY ATTORNEY TO EXECUTE ALL DOCUMENTS PERTAINING TO THIS SETTLEMENT; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: Estimated amounts to be paid to the city as settlement of this portion of the opioid case: CVS: $221,000; TEVA: $89,000; and Allergan: $61,000.)
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(Staff Contact: Mark E. Berman)
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Summary Explanation/Background:
Approving three settlements against CVS, TEVA and Allergan, as a partial settlement of the opioid litigation filed by the State of Florida and its governmental subdivisions.
Origin of request for this action: Mark E. Berman, City Attorney
Fiscal impact and source of funding: Estimated amounts to be paid to the city as settlement of this portion of the opioid case: CVS: $221,000; TEVA: $89,000; and Allergan: $61,000.
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