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Sperry authorizes town attorney to cast ballot in Purdue Pharma Chapter 11 plan
Summary
The board unanimously authorized the town attorney to execute a ballot to vote to confirm the Thirteenth Amended Chapter 11 Plan in the Purdue Pharma, L.P. bankruptcy (SDNY Case No. 19‑23649).
The Board of Trustees voted to authorize the town attorney to execute a ballot casting the town's vote to confirm the Thirteenth Amended Chapter 11 Plan filed in the Purdue Pharma, L.P. bankruptcy case in the United States Bankruptcy Court for the Southern District of New York (Case No. 19‑23649). The motion was moved by Trustee Robert Morton and seconded by David Cassidy and passed unanimously as recorded in the minutes.
The minutes record the motion to authorize the attorney but do not provide commentary on the town's rationale for its vote or how the town's claim or ballot allocation was determined. The board recorded the action in open session following an earlier executive session matter.
