McKinsey Settles for Nearly $600 Million Over Role in Opioid Crisis

The settlements come after lawsuits unearthed a trove of documents showing how McKinsey worked to drive sales of Purdue Pharma’s OxyContin painkiller amid an opioid crisis in the United States ...


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McKinsey Settles For Nearly $600 Million Over Role In Opioid Crisis

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The settlements come after lawsuits unearthed a trove of documents showing how McKinsey worked to drive sales of Purdue Pharma’s OxyContin painkiller amid an opioid crisis in the United States ...

nytimes.com

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McKinsey To Pay Nearly $600 Million In Settlements Over Its Work …

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Feb 4, 2021  · McKinsey & Company, one of the world’s largest consulting firms, will pay nearly $600 million in multiple settlements over its work consulting for drug companies that states say …

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McKinsey Agrees To Pay Nearly $600M Over Opioid Crisis

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Feb 4, 2021  · FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. The global business consulting firm McKinsey & Company has …

apnews.com

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McKinsey Nears $600mn Settlement With US Over Opioid Claims

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Nov 22, 2024  · McKinsey is close to paying more than $600mn to settle a criminal investigation into its work advising US opioid manufacturers on how to boost sales, following claims it …

ft.com

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McKinsey Agrees To Pay Nearly $600 Million For "turbocharging" …

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Feb 4, 2021  · McKinsey's role in the opioid crisis came into focus in recent months in legal documents that were made public as part of OxyContin maker Purdue Pharma's efforts to …

cbsnews.com

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Justice Department Announces Resolution Of Criminal And Civil ...

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Dec 13, 2024  · McKinsey & Company Inc. (McKinsey), a global management consulting firm based in New York, has agreed to pay $650 million to resolve a criminal and civil investigation …

justice.gov

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McKinsey & Co. To Pay $650 Million To Settle U.S. Opioid Consulting ...

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Dec 13, 2024  · McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work …

nbcnews.com

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McKinsey Agrees To $650 Million Settlement With Feds Over Opioids …

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Dec 13, 2024  · Since 2021, McKinsey has agreed to pay state and local governments about $765 million in settlements for its role in advising businesses on how to sell more of the powerful …

cbsnews.com

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McKinsey To Pay $650m To Settle Opioid Charges - BBC

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Dec 13, 2024  · Consulting firm McKinsey has agreed to pay $650m (£515m) to settle criminal charges related to its role in the US opioid crisis. The company "knowingly and intentionally" …

bbc.com

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McKinsey To Pay $650 Million After Advising Opioid Maker On How …

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Dec 13, 2024  · The company reached a $573 million settlement in 2021 with 47 states, Washington, D.C., and five U.S. territories, and agreed to pay school districts $23 million to …

usatoday.com

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McKinsey & Company Agrees To Pay Nearly $600 Million Over …

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Feb 4, 2021  · The global consulting firm McKinsey & Company agreed to pay nearly $600 million for its role in advising businesses on how to sell more prescription opioid painkillers amid a …

pbs.org

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McKinsey To Pay $650M In Federal Opioid Probe - Axios

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Dec 13, 2024  · Consulting giant McKinsey & Co. will pay $650 million in a deal with federal prosecutors over its work helping Purdue Pharma increase opioid sales.. Why it matters: It's …

axios.com

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McKinsey Nears $600 Million Settlement With US Government …

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Nov 22, 2024  · The $600 million settlement would be one of the largest penalties paid by McKinsey. It highlights the consulting industry’s accountability in public health crises. It follows …

whatjobs.com

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McKinsey Nears $600 Million Settlement Over Opioid Crisis …

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Nov 21, 2024  · McKinsey & Co is negotiating a deferred prosecution agreement with U.S. authorities to resolve a criminal investigation tied to its role in boosting opioid sales, allegedly …

devdiscourse.com

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McKinsey To Pay $600 Million To Settle With U.S. States Over Opioid ...

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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 …

reuters.com

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McKinsey Nears $600m Settlement With US Government Over Role …

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Nov 22, 2024  · PressReader. Catalog; For You; The Guardian (USA) McKinsey nears $600m settlement with US government over role in opioid crisis 2024-11-22 - Reuters . McKinsey is in …

pressreader.com

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McKinsey Settles $650M Case Over Opioid Crisis Role

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Dec 13, 2024  · As part of the settlement, McKinsey will pay over $231 million in penalties, more than $93 million in forfeiture reflecting payments from Purdue between 2004 and 2019, and $2 …

legalnewsline.com

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Va. Plays Key Role In McKinsey $650M Opioid Settlement

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Dec 13, 2024  · Listen to this article Global management firm McKinsey & Co. filed an agreement in Virginia on Friday to pay the federal government $650 million in a five-year deferred …

virginiabusiness.com

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McKinsey Nears $600 Million Settlement Over Role In Opioid Crisis

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Nov 22, 2024  · Global consulting giant McKinsey & Company is close to finalizing a $600 million settlement with the United States government, The Guardian reported. The deal would settle a …

newsbytesapp.com

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McKinsey Reaches $650M Settlement Over Role In Opioid Crisis

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Dec 13, 2024  · McKinsey and Co. will pay $650 million to resolve criminal and civil investigations into its work with opioid manufacturer Purdue Pharma.. The settlement resolves criminal and …

beckersbehavioralhealth.com

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McKinsey Settles For Nearly $600 Million Over Role In Opioid Crisis

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Feb 3, 2021  · States will use the civil penalties -- $478 million of which must be paid within 60 days -- for opioid treatment, prevention and recovery programs, the settlement document says. …

goodtimesweb.org

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McKinsey’s Settlement: A Turning Point In The Opioid Crisis

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Dec 13, 2024  · The settlement of $650 million that McKinsey & Company has agreed to pay as part of a deal concerning its involvement in the opioid crisis marks a significant moment in …

thirdeyeanalyst.com

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Justice Dept Announces Resolution Of Investigations Into McKinsey

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Dec 13, 2024  · McKinsey also has entered into a civil settlement agreement in which it will pay over $323 million to resolve its liability under the False Claims Act for allegedly providing …

fda.gov

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How Indiana Is Spending $980M In Opioid Settlements

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7 hours ago  · Since late 2022, the state of Indiana and its local communities have received more than $980 million as a result of numerous settlements tied to the nationwide opioid crisis. …

theindianalawyer.com

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

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FAQs about McKinsey Settles for Nearly $600 Million Over Role in Opioid Crisis Coupon?

What role did McKinsey play in the opioid crisis?

McKinsey’s role in the opioid crisis came into focus in recent months in legal documents that were made public as part of OxyContin maker Purdue Pharma’s efforts to settle claims against it through bankruptcy court. They showed the company long worked with Purdue to boost sales even as the extent of the opioid epidemic became clear. ...

Did McKinsey accept a new job based on opioids?

As part of the settlement, McKinsey agreed not to accept any future work related to ” any opioid or other opioid-based Schedule II or III controlled substance,” court documents state. ...

Does McKinsey still advise clients on opioid-related businesses?

In 2019, McKinsey had said it would no longer advise clients on opioid-related businesses. Despite the settlements, McKinsey has always maintained that they don't amount to admissions of liability or wrongdoing. Purdue Pharma had pleaded guilty in 2020 to criminal charges over its handling of prescription painkillers. ...

Will McKinsey & Company settle Purdue Pharma investigation?

McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in Virginia on Friday. ...

Will a multistate opioid settlement help address the opioid crisis?

James’ office added that this “is the first multistate opioid agreement to result in substantial payment to states to address the crisis.” Funds from the settlement are expected to be used to help address the effects of the opioid epidemic in the participating states. ...

Did McKinsey & Company get a settlement?

NEW YORK, February 4, 2021 – McKinsey & Company today reached settlements with 49 State Attorneys General, five territories and the District of Columbia, related to the firm’s past advisory work for opioid manufacturers. ...

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