File #: 22-156    Version: 1 Name:
Type: Resolution / Consent Agenda Status: Passed
File created: 1/19/2022 In control: City Commission
On agenda: 2/8/2022 Final action: 2/8/2022
Title: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING A SETTLEMENT AGREEMENT AND RELEASE RELATING TO THE SETTLEMENT OF THE LAWSUIT AGAINST ENDO HEALTH SOLUTIONS INC. AND ENDO PHARMACEUTICALS INC. ("ENDO"), 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: Revenue $27,676.45)
Attachments: 1. Resolution, 2. Outside Counsel e-mail dated 1-18-22.pdf, 3. Executed Endo-Florida Agreement.pdf, 4. Subdivision Settlement Participation Form.pdf, 5. Settlement Spreadsheet.pdf

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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING A SETTLEMENT AGREEMENT AND RELEASE RELATING TO THE SETTLEMENT OF THE LAWSUIT AGAINST ENDO HEALTH SOLUTIONS INC. AND ENDO PHARMACEUTICALS INC. (“ENDO”), 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: Revenue $27,676.45)

 

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(Staff Contact: Mark E. Berman)

 

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Summary Explanation/Background:

Approving a settlement against Endo Health Solutions Inc. and Endo Pharmaceuticals Inc., 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: + $27,676.45 paid to the city as settlement of this portion of the opioid case.

 

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