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McKinsey to pay $600 million to settle with U.S. states over opioid crisis role


NEW YORK (Reuters) Consulting firm McKinsey & Company on Thursday said it has agreed to pay nearly $600 million to resolve investigations by most U.S. states into its alleged role in turbocharging sales of opioids, fueling a nationwide epidemic.
McKinsey struck a $573 million settlement with 47 states, the District of Columbia and five territories which will go toward opioid treatment and prevention. It reached separate deals with Washington state and West Virginia that boost the total.
The states alleged that McKinsey contributed to the opioid crisis by helping drug manufacturers including OxyContin maker Purdue Pharma, owned by Sackler family members, design marketing plans and boost sales of painkillers. ....

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McKinsey to pay $600 million to settle with U.S. states over opioid crisis role


Publishing date: Feb 04, 2021  •  February 4, 2021  •  1 minute read  • 
Article content
Consulting firm McKinsey & Company on Thursday said it has agreed to pay nearly $600 million to resolve investigations by most U.S. states into its alleged role in “turbocharging” sales of opioids, fueling a nationwide epidemic.
McKinsey struck a $573 million settlement with 47 states, the District of Columbia and five territories which will go toward opioid treatment and prevention. It reached separate deals with Washington state and West Virginia that boost the total.
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McKinsey to pay $600 million to settle with U.S. states over opioid crisis role Back to video ....

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McKinsey To Pay $600 Million To Settle With US States Over Opioid Crisis Role


McKinsey to pay $600 million to settle with US states over opioid crisis role
McKinsey, which did not admit wrongdoing, must also turn over internal documents concerning its work. It will continue investigating whether employees, including two partners, tried to destroy documents in response to probes.
Reuters
February 04, 2021 / 10:28 PM IST
Consulting firm McKinsey & Company on Thursday said it has agreed to pay nearly $600 million to resolve investigations by most U.S. states into its alleged role in turbocharging sales of opioids, fueling a nationwide epidemic.
McKinsey struck a $573 million settlement with 47 states, the District of Columbia and five territories which will go toward opioid treatment and prevention. It reached separate deals with Washington state and West Virginia that boost the total. ....

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