Submitted By
Paul L. Stephanides, Village Attorney
Reviewed By
A.M. Zayyad, Deputy Village Manager
Agenda Item Title
Title
A Resolution Authorizing and Directing the Village Manager to Execute Any and All Documents Necessary to Participate and Secure Distribution of Settlement Proceeds from Nationwide Multistate Opioid Settlement Agreements
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Overview
Overview
It is requested that the Village Board authorize and direct the Village Manager to participate and secure the distribution of settlement proceeds from nationwide multistate opioid settlement agreements.
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Recommendation
Recommendation
Adopt the Resolution.
Background
State of Illinois Public Act 102-0085 provides that after July 9, 2021, units of local government must obtain the approval of Illinois Attorney General Kwame Raoul before filing any lawsuit seeking recovery against the settling defendants in national opioid litigation. Public Act 102-0085 also provides that if the Attorney General reaches an allocation agreement with the nine largest counties in Illinois, then the Attorney General has the authority to appear or intervene in any opioid litigation brought by a unit of local government against any opioid defendants that are subject to a national multistate opioid settlement, and release with prejudice any claims that were pending on July 9, 2021. The Act preempts home rule authority.
The settlement agreements require municipalities to opt into the settlements. Adoption of the Resolution will allow the Village Manager to execute any and all documents necessary for the Village to opt-in and participate and secure distribution of settlement proceeds from nationwide multistate opioid settlement agreements. Included with this agenda item are documents from the Attorney General regarding the latest round of nationwide settlements that have been reached with Walgreens, Walmart, CVS, Teva, and Allergan.
Fiscal Impact
Receipt of settlement distributions at amounts to be determine...
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