RE 2024-0227.2 Endo International, PLC opioid settlement and Bankruptcy PlanCITY OF COPPELL, TEXAS
RESOLUTION NO. 2024-0227.2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS, AUTHORIZING THE SECOND AMENDED JOINT CHAPTER 11
PLAN OF REORGANIZATION OF ENDO INTERNATIONAL PLC AND
ITS AFFILIATED DEBTORS; AUTHORIZING THE CITY MANAGER TO
CAST A BALLOT ACCEPTING THE PLAN AND APPOINTING THE
CHAIRPERSON AS SPECIAL PROXY TO VOTE IN FAVOR OF THE
SCHEME AT THE RELEVANT SCHEME MEETING AND ANY
ADJOURNMENT THEREOF; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Coppell is a holder of a claim against Endo International, PLC ,
as part of an opioid settlement and Bankruptcy Plan, Chapter 11 , Case Number 22 ,22549; and ,
WHEREAS , a committee was established under a Joint Chapter 11 reorganization plan
to prove the has previously adopted and approved Settlement Plan; and
WHEREAS, the committee desires to provide a Second Amendment to the
Reorgani zation Plan and Distribution Plan; and
WHEREAS , it is in the best interest of the City of Coppell to approve such Second
Amendment to said Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS, THAT:
SECTION 1. That the City Council of the City of Coppell , Texas hereby authorizes the
second Amended Joint Chapter 11 Plan of Reorganization of Endo International PLC and its
affiliated debtors ; and authorizing the City Manager is hereby authorized on behalf of the City to
cast a ballot accepting the plan and appointing the Chairperson as special proxy to vote in favor.
SECTION 2. This Resolution shall become effective immediately upon passage.
APPROVED:
()~
WES MAYS , MAYOR
ATTEST:
4885-0780-2280 , V. 1
YSECRETARY
2
4885-0780-2280 , V . 1