File #: 21-681    Version: 1 Name:
Type: Resolution / Consent Agenda Status: Passed
File created: 6/29/2021 In control: City Commission
On agenda: 7/13/2021 Final action: 7/13/2021
Title: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, ACCEPTING THE PURDUE PHARMA, L.P. BANKRUPTCY PLAN; AUTHORIZING THE CITY ATTORNEY TO TAKE ALL REQUIRED ACTIONS WITH REGARD TO SUCH APPROVAL; PROVIDING AN EFFECTIVE DATE. (Fiscal Impact: N/A)
Attachments: 1. Resolution, 2. Letter re Bankruptcy Plan.pdf, 3. E-mail from Opioid Counsel.pdf

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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, ACCEPTING THE PURDUE PHARMA, L.P. BANKRUPTCY PLAN; AUTHORIZING THE CITY ATTORNEY TO TAKE ALL REQUIRED ACTIONS WITH REGARD TO SUCH APPROVAL; PROVIDING AN EFFECTIVE DATE.

(Fiscal Impact: N/A)

 

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(Staff Contact: Mark E. Berman)

 

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Summary Explanation/Background:

In re:  National Prescription Opiate Litigation, Defendant, Purdue Pharma, L.P., has provided its bankruptcy reorganization plan for approval, which is recommended by Plaintiff’s Executive Committee and also the city’s outside opiate litigation counsel and the City Attorney.

 

Origin of request for this action: Mark E. Berman, City Attorney

Fiscal impact and source of funding: N/A

 

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