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International Business Times
International Business Times
Business
John BIERS

McKinsey To Pay $650 Mn To Settle US Criminal Case On Opioids

McKinsey United States Purdue Opioids Purdue Pharma Public Health
Prosecutors said the settlements marks the first time a management consulting firm has been held criminally responsible for advice resulting in commission of a crime by a client (Credit: AFP)

Consulting giant McKinsey & Company will pay $650 million to settle US criminal charges that it collaborated with Purdue Pharma to intentionally misbrand opioids, worsening a public health crisis, officials announced Friday.

US prosecutors unveiled a sweeping deferred prosecution agreement (DPA) over McKinsey efforts that helped Purdue "turbocharge" sales of the highly addictive OxyContin opioid, responsible for deadly overdoses.

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