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Rowlett opts to accept Purdue Pharma 13th amended Chapter 11 plan; city manager authorized to submit ballot
Summary
The Rowlett City Council voted Aug. 5 to authorize the city manager to submit a ballot accepting Purdue Pharma’s 13th amended Chapter 11 plan of reorganization, preserving the city's opportunity to participate in national bankruptcy distributions for opioid remediation.
The Rowlett City Council on Aug. 5 adopted a resolution authorizing the city manager to submit an electronic ballot accepting the thirteenth amended joint Chapter 11 plan of reorganization for Purdue Pharma LP and affiliated debtors. The council’s action was limited to authorizing submission of the city’s opt‑in ballot; the vote was unanimous, 6–0.
Background: The bankruptcy plan would liquidate Purdue Pharma’s assets and transfer them to a reorganized entity focused…
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