News World

McKinsey to pay $650 mn to settle US criminal case on opioids

McKinsey agrees to pay $650M to settle US criminal case over opioids. Read the full details on this significant settlement on Insiderpaper.
Source: YouTube Screenshot

Consulting giant McKinsey & Company will pay $650 million to settle US criminal charges it collaborated with Purdue Pharma to intentionally misbrand opioids, according to a court filing Friday.

McKinsey “knowingly and intentionally” conspired with Purdue to “aid and abet the misbranding of prescription drugs… without valid prescriptions,” according to a US Department of Justice document describing a deferred prosecution that will expire in five years if McKinsey meets the conditions.

Tags

About the author

AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

Add Comment

Click here to post a comment