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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 support opioid‑related abatement. After the parties entered a settlement, Purdue filed Chapter 11 bankruptcy and proposed a corporate restructuring with multiple amended plans. Coppell, as a member of the litigation class, holds a ballot and must vote to accept or reject the current amended plan.
Why it mattered: Hager told council the city’s expected settlement tranche (roughly tens of thousands of dollars based on population) would be reduced if litigation continues and the plan fails, while additional legal time and expense would be incurred by further amended plans. Hager recommended voting to accept the current plan to conclude the matter and allow distribution of funds to municipalities for opioid abatement, education and related programs.
Council action: Councilmember Hill made the motion to accept the plan; the council voted in favor in a roll-call vote. The authorization directs the mayor to execute the city ballot in support of the thirteenth amended joint Chapter 11 plan of reorganization.
Next steps: With council authorization, city staff will submit the city’s ballot in support of the plan to the bankruptcy process; follow-up may include scheduling and accepting funds when distributions are made under the confirmed plan.
