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Josephine council backs Purdue Pharma bankruptcy plan allowing city to claim settlement funds
Summary
The council adopted a resolution approving the bankruptcy plan of reorganization for Purdue Pharma, authorizing the city to opt into a national settlement; city staff said Josephine’s likely share would be modest and recommended accepting the settlement.
The City of Josephine voted to approve a resolution accepting the plan of reorganization in Purdue Pharma’s bankruptcy settlement, a step that allows political subdivisions to opt into the national settlement and preserve a share of the distribution rather than pursuing separate litigation against the Sackler family.
City staff described two components of the broader settlement: an estate settlement and a separate direct-settlement channel for participating…
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