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Town counsel asks council to acknowledge participation decision in Purdue Pharma/Sackler settlement plan
Summary
Town legal counsel briefed the council on the revised Purdue Pharma/Sackler bankruptcy plan and requested a council acknowledgement to submit paperwork about participation; the new combined plan was stated as $7.6 billion in the meeting record.
Legal counsel addressed the council about ongoing national opioid litigation, reporting that a revised bankruptcy and settlement plan involving Purdue Pharma and the Sackler family proposes a combined $7.6 billion plan and that local governments must indicate whether they approve participation.
Speaker 5 told the council the earlier plan had been rejected by a higher court and that a new plan totaling $7.6 billion was under consideration; counsel asked the council for a brief acknowledgment or action so paperwork could be filed indicating the town's position. Speaker 5 noted the town had approved an earlier plan in the past and that the current figure required updated direction.
Council members verbally indicated they expected to approve the updated plan but the provided transcript does not record a formal vote or an explicit recorded decision; legal counsel requested that staff be allowed to file the necessary paperwork once the council affirms a position.
