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City Council authorizes participation in Purdue Chapter 11 plan and related pharmaceutical settlements
Summary
After moving into executive session, the council unanimously approved a resolution authorizing city legal counsel to accept and participate in the thirteenth amended joint Chapter 11 plan in Purdue Pharma’s bankruptcy and to join related governmental and manufacturer settlement agreements involving multiple pharmaceutical companies.
The Oklahoma City Council voted unanimously to authorize the city’s legal counsel to accept and participate in the thirteenth amended joint Chapter 11 plan for Purdue Pharma and to join governmental‑entity settlement agreements and related manufacturer settlements, the council recorded after holding an executive session.
The council’s resolution authorized four related actions: authorizing the city’s…
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