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Pueblo County approves participation in multi‑state opioid settlements including Purdue Pharma
Summary
The BOCC voted to participate in settlements with eight secondary opioid manufacturers (about $720 million total over roughly 10 years) and to accept terms tied to Purdue Pharma’s amended chapter 11 plan (approximately $8 billion nationwide over 15 years); county counsel said funds must be used for addiction treatment, prevention and recovery and distribution will follow the 2021 Colorado MOU.
The Pueblo County Board of County Commissioners voted Sept. 11 to participate in multi‑state settlements with opioid manufacturers and to accept Purdue Pharma’s amended chapter 11 plan.
County counsel outlined three related resolutions: a participation agreement with eight secondary manufacturers that would yield approximately $720 million in aggregate payouts over about 10 years; an agreement tied to Purdue Pharma and the Sackler family that contemplates roughly $8 billion nationwide paid over 15 years; and acceptance of Purdue’s amended chapter 11 plan. Counsel said Colorado is expected to receive an estimated $75 million from the Purdue settlement over the next 15 years and that all funds must be used for addiction treatment, prevention and recovery in accordance with the state Memorandum of Understanding the county entered into in 2021.
The county attorney and outside counsel recommended participation and approval of the bankruptcy plan; the board voted to approve the item. A commissioner asked whether accepting the settlement terms today precluded the county from later choosing to accept direct allocations or to send the funds to the regional opioid coordinating body (CCOR). County counsel said the county may decide annually whether to allow direct allocation to the region or to keep a local allocation and offered to bring that decision back to the board for consideration.
The board moved, seconded and approved the resolution on the record.
