Get AI Briefings, Transcripts & Alerts on Local & National Government Meetings — Forever.
Louisa County board votes to join proposed $97.6 million opioid settlement
Loading...
Summary
The board unanimously approved Louisa County’s participation in a combined settlement resolving opioid-related claims; county staff said Louisa’s share is 0.009777 of the total and attorney fees will be deducted from proceeds.
The Louisa County Board of Supervisors voted April 27 to participate in a proposed combined settlement resolving opioid-related claims against six defendants. Miss Smith (speaker 15) told the board the total settlement amount is $97,625,000 and that Louisa County’s share is calculated at 0.009777 of that total.
Miss Smith noted attorney fees that will be deducted from the gross settlement proceeds, saying the current attorney-fee estimate is about $12,230,000 to be apportioned from the overall fund. She said the county will receive a portion of the remainder as its allocation under the settlement formula.
The board moved and approved participation by unanimous voice vote. No alternate payment schedule, allocation table or exact net-proceeds estimate for Louisa County after fees was read into the public record during the meeting; staff said detailed disbursement and next steps will follow the settlement’s finalization and the attorneys’ accounting.
The motion accepted county participation in the settlement; staff will return with any implementation steps and paperwork required to effect county enrollment in the settlement pipeline.
