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Council votes to accept thirteenth amended Purdue Pharma reorganization plan ballot
Summary
Coppell approved a resolution and ballot to accept the thirteenth amended joint Chapter 11 plan of reorganization filed by Purdue Pharma LP and authorized the mayor to execute the city’s vote in favor of the reorganization plan.
The Coppell City Council voted Sept. 9 to authorize the mayor to cast the city’s ballot accepting the thirteenth amended Chapter 11 plan of reorganization for Purdue Pharma LP and affiliated debtors.
City Attorney Robert Hager explained the background: as part of national litigation around opioid manufacturers and distributors, Coppell — like many municipalities — was allocated an expected settlement share to…
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