Agenda Item Name:
Title
Approval of settlement with Walgreens in the opioid litigation.
End
Presenter:
Robert C. Swain, Deputy County Attorney
Description:
The State of Florida and its Office of the Attorney General and State Outside Litigation Counsel, in the lawsuit captioned State of Florida, Office of the Attorney General, Department of Legal Affairs v. Purdue Pharma L.P., et al., Case #2018-CA-1438, Fla. Circuit Court, Pasco County, have reached a settlement with Walgreens. This settlement requires approval by the Alachua County Board of County Commissioners and delegation to the County Manager to sign the necessary documents.
The basic terms are $620 million to be spent on Opioid Remediation, to be paid in equal installments over 18 years with attorney fees and costs being paid out of a separate fund. The settlement funds must be used for the approved abatement strategies listed in Exhibit C of the Settlement Agreement and also incorporated within the Florida Opioids Allocation and Statewide Response Agreement. This settlement is recommended and is the first settlement with Walgreens in the country.
The estimated direct payment over time to Alachua County is $787,103.09. This is based on 100% participation which we anticipate will be met. Once the Qualified Settlement Fund is established, things will move very quickly. In anticipation of same, shortly after the PA is submitted, the case will be dismissed against Walgreens.
In order to ensure prompt and expedited payments, the Defendants are requiring participation by June 3. Attached please find the executed agreement and Participation Form required.
As a reminder, these settlements are pre-negotiated and we are not able to negotiate any additional payment. The formula was heavily negotiated at the beginning of this process.
This is the latest in a number of settlements. It is expected that there will be additional settlements forthcoming.
Recommended Action:
Recommended Action
That the propos...
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