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Various WA Local Governments 9/21/2022
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Various WA Local Governments 9/21/2022
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Entry Properties
Last modified
2/26/2024 7:10:18 AM
Creation date
9/30/2022 2:40:54 PM
Metadata
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Template:
Contracts
Contractor's Name
Various WA Local Governments
Approval Date
9/21/2022
Council Approval Date
9/14/2022
Department
Legal
Department Project Manager
Ramsey Ramerman
Subject / Project Title
Settlement Agreement Opioid Distributors
Tracking Number
0003472
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Interlocal Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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b. Payment Year 2: Twenty percent(20%) of the total Washington <br /> Fees and Costs amount($17,550,046.20), to be paid on or before December 1, <br /> 2022. <br /> c. Payment Year 3: Fifteen percent (15%)of the total Washington <br /> Fees and Costs amount($13,162,534.65),to be paid on or before July 15, 2023. <br /> d. Payment Year 4: Fifteen percent(15%)of the total Washington <br /> Fees and Costs amount($13,162,534.65), to be paid on or before July 15, 2024. <br /> e. Payment Year 5: Fifteen percent (15%) of the total Washington <br /> Fees and Costs amount($13,162,534.65),to be paid on or before July 15, 2025. <br /> f. Payment Year 6: Ten percent(10%) of the total Washington Fees <br /> and Costs amount($8,775,023.10), to be paid on or before July 15, 2026. <br /> g. Payment Year 7: Five percent(5%) of the total Washington Fees <br /> and Costs amount($4,387,511.55), to be paid on or before July 15, 2027. <br /> D. Remittance. So that Settling Distributors do not pay the same fees and costs under <br /> both the Global Settlement and this Agreement, Washington and its Participating Litigating <br /> Subdivisions and their respective counsel shall do as follows: <br /> 1. Participating Litigating Subdivisions in Washington and their counsel shall <br /> apply to the Attorney Fee Fund and the Litigating Subdivision Cost Fund created pursuant <br /> to Exhibit R of the Global Settlement for all fees, costs and expenses for which they may be <br /> eligible and shall instruct the Fee Panel and the Cost and Expense Fund Administrator to <br /> remit to Settling Distributors the full amount awarded to such Participating Litigating <br /> Subdivision, with each Settling Distributor receiving the percentage of that amount <br /> corresponding to the allocation set forth in Section IV.I of the Global Settlement. <br /> 2. Counsel for Participating Subdivisions shall instruct the Fee Panel created <br /> by the MDL Court pursuant to Exhibit R of the Global Settlement to remit to Settling <br /> Distributors the Contingency Fee Amount for their Participating Subdivisions in the State of <br /> Washington, with each Settling Distributor receiving the percentage of that amount <br /> corresponding to the allocation set forth in Section IV.I of the Global Settlement. <br /> 3. The State of Washington shall instruct the Fee Fund Administrator selected <br /> pursuant to Exhibit S of the Global Settlement that the Settling Distributors shall not pay the <br /> Fixed Amount for the State of Washington, and the State of Washington will not be eligible <br /> to receive funds from the State Outside Counsel Fee Fund under the Global Settlement. <br /> 4. The State of Washington shall submit documented costs, as provided for in <br /> Exhibit T of the Global Settlement,to the Global Settlement State Cost Fund created <br /> pursuant to Exhibit T of the Global Settlement for all costs and expenses for which it may <br /> be eligible and shall instruct the State Cost Fund Administrator to remit to Settling <br /> Distributors the full amount awarded to the State of Washington,with each Settling <br /> 5 <br />
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