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Colorado to receive nearly $10 million in settlement from firm advising opioid companies

The consulting firm McKinsey & Company has agreed to a settlement of $573 million, of which Colorado will receive nearly $10 million, to end investigations by a coalition of state attorneys general into the company s role in working with opioid makers to help them market their drugs and maximize profits as an addiction crisis in the country grew.
Colorado Attorney General Phil Weiser announced the settlement in a news release Thursday.
Weiser sat on an executive committee that led the states investigation along with the attorneys general of California, Connecticut, Massachusetts, New York, North Carolina, Oklahoma, Oregon, Tennessee and Vermont.
The coalition included 47 states, the District of Columbia and five U.S. territories. ....

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MSNBC First Look November 27, 2019 10:21:00

Of the president s tax returns requested by house democrats. meantime, the wall street journal is reporting that federal prosecutors are launching an investigation into whether pharmaceutical companies intentionally allowed payments. and it could be the largest contribution of drug companies contributing to america s opioid epidemic. the statute that federal prosecutors have started using against opioid makers and distributors earlier this year. at least six companies have said in regulatory filings that they received grand jury subpoenas from the u.s. attorney s office in the eastern district of new york. still ahead, the anonymous author who wrote a book about the inner workings of the president administration answers questions online and promises to ....

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FOXNEWS Americas Newsroom With Bill Hemmer and Sandra Smith October 21, 2019 13:42:00

sandra: although belichick brought six super bowl champions to the fans in new england worth noting. tell us how you really feel. jon: the way they re playing it could be a seventh. gronkowski is like a big puppy. good for him. breaking news in that landmark lawsuit against opioid makers and distributors. word of a settlement before a federal trial was set to begin. we ll take it up next. sandra: a republican joins calls for rudy giuliani to testify in the impeachment probe. why he says he is hearing from the president s personal attorney and why it s important. where we all want more energy. but with less carbon footprint. can we have both? at bp, we re working every day to make energy that s cleaner and better. and we see possibilities everywhere. doprevagen is the number oneild mempharmacist-recommendeding? ....

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CNN Inside Politics August 27, 2019 16:31:00

Pharmaceutical giant johnson & johnson vowing to appeal a landmark ruling. on monday an oklahoma judge ordered the company to pay $572 million for its role in the state s opioid crisis. the state wanted johnson & johnson to pay more than $17 billion. oklahoma is just one of dozens of states, counties, localities suing opioid makers. this case was the first to reach trial. more than 130 people die every day in america after overdosing on opioids. now, it s been almost a year since president trump signed into law a sweeping bipartisan proposal aimed at tackling the opioid crisis. this expansive bill expanded access to treatment and prevention programs and tried to curb how often drugs are prescribed. the bill also gave states more flexibility in their approach to ....

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CNN Early Start with Christine Romans and Dave Briggs August 27, 2019 08:33:00

In new york. a game-changing ruling in the opioid crisis. this epidemic that has killed more than 400,000 people in the last 20 years and now a judge in oklahoma holding johnson&johnson responsible for fueling the state s open owed epidemic. the court ruled the drug maker must pay $572 million in damages. johnson & johnson motivated by greed and aberras is motivated by greed. an ominous sign for opioid makers and they target an enormous national lawsuit set to start trial in ohio in october. there are thousands of lawsuits that are still pending. there are thousands of governments that have sued. there s still lots of liability to come, and you have to remember, this is over half a billion. oklahoma is a fairly small state ....

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