McKinsey to pay $573 million to settle claims over opioid crisis role: source – By Nate Raymond (Reuters) / Feb 3 2021
(Reuters) – Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a person familiar with the matter.
The settlement is with 43 states, the District of Columbia and three territories, the person said on Wednesday. Several attorneys general said they planned announcements on the opioid epidemic on Thursday.
They included Vermont’s attorney general, T.J. Donovan, whose office said it would announce its participation in the first multi-state opioid settlement “to result in substantial payment to the states to address the epidemic.”
Washington Attorney General Bob Ferguson said he had reached a separate, $13 million settlement with McKinsey that was on top of the reported multi-state agreement.
