Title
Consider recommendations regarding Resolutions authorizing County Counsel to Partially Settle the litigation County of Santa Barbara v. Purdue Pharma, et al. (Case No. 1:17-MD-2804) with Purdue/Sackler Family and Eight Opioid Manufacturers, as follows:
a) Adopt a Resolution that approves and authorizes County Counsel or her designee to execute the following agreements to partially settle the litigation County of Santa Barbara and the People of the State of California v. Purdue Pharma, et al. (Case No. 1:17-MD-2804) as to defendants Purdue Pharma and the Sacklers:
i) Subdivision Participation and Release Form which includes a release of all claims against Purdue Pharma and the Sackler family and its "Released Entities" for their conduct complained of in the litigation;
ii) Proposed California State-Subdivision Agreement Regarding Distribution and Use of Settlement Funds, which shall enable the County of Santa Barbara to receive and direct the use of a portion of settlement funds distributed to the State of California for approved opioid abatement activities; and
iii) California-Subdivision Backstop Agreement, which will allow the County to pay the contingency fees of Outside Counsel Keller Rohrback from the recovered settlement funds in an amount not to exceed 15% of the County's recovery plus costs;
b) Adopt a Resolution that approves and authorizes County Counsel or her designee to execute the following agreements to partially settle the litigation County of Santa Barbara and the People of the State of California v. Purdue Pharma, et al. (Case No. 1:17-MD-2804) as to defendants: Alvogen, Inc.; Amneal Pharmaceuticals, Inc.; Apotex Inc.; Hikma Pharmaceuticals USA Inc.; Indivior Inc.; Mylan Pharmaceuticals Inc.; Sun Pharmaceutical Industries, Inc.; and Zydus Pharmaceuticals (USA), Inc. (collectively, "the G8" Settlement):
i) Subdivision Participation and Release Form which includes a release of all claims against the G8 and their "Released Entities"...
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