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Council votes to opt into amended Purdue Pharma bankruptcy settlement; minority‑participation amendment added
Summary
Jackson’s council voted to opt into an amended Purdue Pharma bankruptcy plan that expands the pool of settlement funds; the meeting record shows council approval after a short review by the city attorney and an amendment promoting minority participation in any additional outside counsel work.
The Jackson City Council on Sept. 9 approved an order authorizing the city to opt into an amended Purdue Pharma bankruptcy settlement that city attorneys said creates a larger pool of settlement funds by combining Purdue Pharma money with additional shareholder contributions. The council also approved an amendment directing that any additional outside counsel work related to opioid claims should include minority participation.
Interim City Attorney Drew Martin told council members the city is already a party to earlier opioid-related bankruptcy proceedings and that the amended plan offers access to a larger pool of funds in exchange for a release of certain shareholder claims. He said the city must provide specified information to the…
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