City of Racine - File #: 0776-25

• File #: 0776-25
• Version: A
• Name: Subject: Communication sponsored by Mayor Mason on behalf of the City Administrator and City Attorney seeking authorization for the City of Racine to enter into the Governmental Entity and Shareholder Direct Settlement Agreement in Re: Purdue Pharma L.P
• Type: Communication
• Status: In Committee
• File created: 7/31/2025
• In control: Finance and Personnel Committee
• Title: Subject: Communication sponsored by Mayor Mason on behalf of the City Administrator and City Attorney seeking authorization for the City of Racine to enter into the Governmental Entity and Shareholder Direct Settlement Agreement in Re: Purdue Pharma L.P., U.S., Bankruptcy Court, Southern District of New Your Case No. 19-23649. Staff Recommendation: That the City Attorney be authorized and directed to executed any necessary documents to enter into and carry into effect the Governmental Entity and Shareholder Direct Settlement Agreement in In Re: Purdue Pharma L.P., on behalf of the City of Racine. Fiscal Note: No cost to the City. Prospective recovery amount to be determined.

Date	Ver.	Action By	Action	Result
8/6/2025	A	Common Council

Title

Subject: Communication sponsored by Mayor Mason on behalf of the City Administrator and City Attorney seeking authorization for the City of Racine to enter into the Governmental Entity and Shareholder Direct Settlement Agreement in Re: Purdue Pharma L.P., U.S., Bankruptcy Court, Southern District of New Your Case No. 19-23649.

Staff Recommendation: That the City Attorney be authorized and directed to executed any necessary documents to enter into and carry into effect the Governmental Entity and Shareholder Direct Settlement Agreement in In Re: Purdue Pharma L.P., on behalf of the City of Racine.

Fiscal Note: No cost to the City. Prospective recovery amount to be determined.