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. Recommendation of the Finance and Personnel Committee on 08-11-2025: That the City Attorney be authorized and directed to execute 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.

Committee

Finance and Personnel Committee

Introduced

July 31, 2025

On agenda

August 19, 2025

Passed

August 19, 2025