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McKinsey &Co to pay $650 million to resolve opioid probe


The McKinsey & & Company brand design is offered on the 54th International Paris Airshow at Le Bourget Airport close to Paris, France, June 21, 2023.

Benoit Tessier|Reuters

McKinsey & Co. accepted pay $650 million in a postponed prosecution contract that can definitely settle a authorities prison probe proper into the enterprise’s consulting job recommending Purdue Pharma on precisely elevate gross sales of its opioid ache reliever OxyCo ntin, a court docket declaring claimed Friday.

A earlier main companion at McKinsey, Martin Elling, moreover accepted beg responsible to blockage of justice following month within the probe by the Department of Justice, in accordance with a declaring in united state District Court in Abingdon, Virginia.

The prison billing file that McKinsey accepted have truly submitted by district attorneys affirms the consulting titan “knowingly and intentionally” conspired with Purdue Pharma “and others to aid and abet the misbranding of prescription drugs.”

The file moreover claimed McKinsey is implicated, by way of the acts of its then-partner Elling, of “knowingly destroying and concealing records and documents with the intent” to hamper the examination by the united state Department of Justice.

McKinsey, which previously accepted pay practically $1 billion to resolve authorized actions by states, metropolis governments and others pertaining to its opioid consulting, permitted obligation for the conduct declared by authorities district attorneys, in accordance with the delayed prosecution contract.

has truly requested for comment from McKinsey.

This is damaging data. Please rejuvenate for updates.



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