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City approves participation in two opioid settlement programs; one yields immediate small payment
Summary
Lexington authorized participation in the Purdue/Sackler bankruptcy settlement and a separate manufacturers' settlement; staff reported Lexington's estimated shares of the distributions and directed the city attorney to execute settlement documents.
City Attorney presented two proposed settlement participations relating to national opioid litigation. The first involved the Purdue Pharma bankruptcy plan and a settlement with the Sackler family; the attorney reported Virginia's allocation from that resolution is about $39,000,000 and said Lexington's expected share from that settlement is approximately $3,637,000, to…
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