Subject:
Title
In re: National Prescription Opioid Litigation - Approval to file Individual Proof of Claim in Purdue Bankruptcy
End
Fiscal Impact:
None at this time
Dept/Office:
County Attorney’s Office
Requested Action:
Recommendation
Approve Outside Counsel’s recommendation to file an Individual Proof of Claim in the Purdue Bankruptcy.
End
Summary Explanation and Background:
Brevard County has filed a lawsuit In re: National Prescription Opiate Litigation, Case No. 17-md-2804, which is the multi-district litigation against the opioid manufacturers, distributors, and retailers in the District Court for the Northern District of Ohio. Recently, Purdue Pharma, L.P. and its affiliated debtors (collectively Purdue) filed a Chapter 11 Bankruptcy. The deadline to file a proof of claim in the Purdue Bankruptcy is July 30, 2020. The proof of claim may be filed on an individual basis, or it may be filed on a consolidated claims basis, which would authorize the Ad Hoc Committee to act as a facilitator for the claim. The Plaintiff’s Executive Committee has recommended that the most effective and protective method is for governmental entities to file an individual proof of claim. Our outside counsel is recommending that filing an individual proof of claim is the best way to protect the County’s rights. Request Board approval for outside counsel to file an individual proof of claim in the Purdue Bankruptcy.
Clerk to the Board Instructions:
Return memo to County Attorney’s Office