Fairport Harbor grants authority to sign Purdue bankruptcy settlement documents related to opioid claims
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Summary
Village solicitor reported the village filed a claim in the Purdue opioid bankruptcy and asked council to authorize the mayor or fiscal officer to sign settlement documents to participate in distributions; council approved the authorization.
Village Solicitor Jim Lyons told council the village previously filed a claim in the Purdue Pharmaceuticals bankruptcy and that a settlement has been reached that may provide funds to participating claimants. Mr. Lyons said a multi-billion-dollar settlement pool will be distributed over time and that the village must sign settlement documents (provided via DocuSign) to participate. He requested authority for the mayor or fiscal officer to sign the settlement documents on the village’s behalf; council approved the requested authorization by vote.
Lyons said the bankruptcy stems from Purdue’s role in manufacturing and distributing opioid products and that many municipalities and other claimants have filed claims in the long-running case. He said the village’s share of any distribution is not yet determined. Council members moved to grant broad signing authority so the village can participate if payments are allocated to it.
Council did not specify an amount expected to be received and recorded no conditions on the authorization. The solicitor indicated that the settlement funds—if any—would be distributed over time and that the village’s participation required an authorized signature on settlement paperwork.
