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RES-2022-168
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2022-09-06 10:00 AM - Commissioners' Agenda
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RES-2022-168
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Last modified
9/13/2022 11:54:56 AM
Creation date
9/13/2022 11:53:49 AM
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Meeting
Date
9/6/2022
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Item
Request to Approve a Resolution Authorizing the Chair's Signature on a Opioid Litigation Allocation Agreement
Order
3
Placement
Consent Agenda
Row ID
93293
Type
Agreement
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C <br />D <br />Litigating Subdivisions must dismiss the Settling Distributors with <br />prejudice from their lawsuits. The Litigating Subdivisions are listed on <br />Exhibit B of the Distributors Settlement. <br />The Local Government must execute and return the one washington <br />Memorandum of Understanding Between washington Municipalities <br />("MOU") agreed to by the participating Local Governments in <br />washington State, which is attached hereto as Exhibit 3. As specified in <br />Paragraph 10.A of this Allocation Agreement, the Local Government may <br />elect in its discretion to execute the Mou for purposes of this Allocation <br />Agreement only. <br />A Local Government that meets all of the conditions in this paragraph shall be <br />deemed a"Parricipating Local Government." Alternatively, if tne requirements of <br />Paragraphs 2(A),2(B), and 2(C) of this Allocation Agreement are satisfied and <br />this Allocation Agreement becomes effective, then all Local Governrnents that <br />comply with Paragraph 3(B) of this Allocation Agreement shall be deemed a <br />"Participating Local Government.', <br />This Allocation Agreement applies to the washington Abatement Amount as <br />defined in Section IV.A of the Distributors Settlement. The maximum possible <br />washington Abatement Amount for the Distributors Settlement is <br />$430,249,169.02. As specified in the Global settlement, the washington <br />Abatement Amount varies dependent on the percentage of Primary Jubdivisions <br />that choose to become Participating Local Governments and whetirer there are <br />any Later Litigating Subdivisions as defined in Section I.EE of the Global <br />Settlement. <br />This Allocation Agreement does not apply to the Washington Fees and Costs as <br />defined in Section V of the Distributors Settlement. After satisfying its obligations <br />to its outside counsel for attorneys' fees and costs, the State estimaies that iiwill <br />receive approximately $46 million for its own attorneys' fees and costs pursuant <br />to Section V.B.l of the Distributors Settlement. The State shall utilize any and all <br />amounts it receives for its own attorneys' fees and costs pursuant to Section V.B.l <br />of the Distributors Settlement to provide statewide ptogruro. and services for <br />opioid Remediation as defined in section I.SS of the ctouut Settlement. <br />while this Allocation Agreement does not apply to the washington Fees and <br />Costs as defined in Section V of the Distributors Settlement, Section V.B.2of the <br />Distributors Settlernent estimates that the Settling Distributors shall pay <br />$10,920,914.70 to Participating Litigating Subdivisions, afforneys for ibes and <br />costs' The actual amount may be greater or less. This AllocationAgreement and <br />the MOU are a State Back-Stop Agreement. The total contingent fees an attorney <br />receives from the Contingency Fee Fund pursuant to Section II. D in Exhibit R <br />the Global Settlement, the MOU, and this Allocation Agreement combined cannot <br />exceed l5o/o of the portion of the LG Share paid to the iitigating Local <br />Government that retained that firm (i.e., if City X filed suiiwithoutside counsel <br />4 <br />5 <br />6. <br />2
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