McKinsey & Co. is close to reaching a deal with U.S. prosecutors to settle federal probes into its past work helping opioid makers boost sales
Consulting firm McKinsey & Co is close to an agreement with U.S. prosecutors to pay more than $500 million to resolve longstanding federal investigations into its past work helping opioid makers boost sales that allegedly contributed to a deadly addiction epidemic, two people familiar with the matter said.
The time frame for the announcement of any agreement remained unclear, they said. The terms of the settlement could change as negotiations continue, one of the sources said. Federal prosecutors have been investigating McKinsey’s role in the opioid epidemic, focusing on its work advising OxyContin maker Purdue Pharma and other drugmakers, Reuters reported in April.
Agreement People Work Addiction Mckinsey Colorado Matter Purdue Pharma Reuters Bloomberg
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