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Board approves ordinances to accept $266.7 million in opioid settlements; controller outlines segregated accounts and reporting
Summary
The San Francisco Board of Supervisors approved three ordinances authorizing the city to accept settlements with opioid manufacturers and distributors totaling about $266.7 million and heard from the controller on how the funds will be tracked and reported.
The San Francisco Board of Supervisors on Sept. 5 approved three ordinances authorizing settlements with opioid manufacturers and distributors totaling about $266.7 million.
The ordinances, taken together as items 9 through 11 on the agenda, authorize settlement of lawsuits brought by the city and people of the state of California against Walgreens (about $229,000,000), Cephalon, Inc., Teva Pharmaceuticals USA, Inc. and related entities ($24,800,000), and Allergan Finance LLC (approximately $12,900,000). The measures passed first reading with an 11-0 vote.
Supervisor Dean Preston opened discussion by thanking the city attorney’s office for negotiating the settlements and urging transparency in how proceeds will be used. “Securing these funds for our city will help ensure that…
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