City Council

16. ADOPT A RESOLUTION AUTHORIZING PARTICIPATION IN THE OPIOID NATIONAL\nSETTLEMENTS ARISING OUT OF IN RE: NATIONAL PRESCRIPTION OPIATE\nLITIGATION, U.S. DISTRICT COURT, NORTHERN DISTRICT OF OHIO EASTERN\nDIVISION, CASE NO. 1:17-MD-02804\nApproximately $20.2 billion in nationwide settlements have been reached with two opioid\nmanufacturers and three retailers/pharmacies. The settlement is comprised of approximately $6.6\nbillion with Teva and Allergan, and approximately $13.5 billion with CVS, Walgreens, and Walmart,\nin an effort to hold the Opioid Defendants financially responsible for the opioid epidemic’s local\n6\nimpacts. These five settlements are in addition to a $26 billion settlement reached in 2022.\nRecommendation:\nIt is staff's recommendation that the City Council adopt the attached resolution authorizing the City to:\n1. Enter into five national opioids litigation settlement agreements with Teva, Allergan, CVS,\nWalgreens, and Walmart;\n2. Agree to the terms of the related State-Subdivision agreements; and\n3. Authorize entry into the related State-Subdivision agreements with the Attorney General.\nDISCUSSION (Item Nos. 17 - 18)