{"id":2048556,"date":"2023-09-28T18:44:01","date_gmt":"2023-09-28T22:44:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consulting-firm-mckinsey-to-pay-230-million-in-latest-us-opioid-settlements\/"},"modified":"2023-09-28T18:47:58","modified_gmt":"2023-09-28T22:47:58","slug":"consulting-firm-mckinsey-to-pay-230-million-in-latest-us-opioid-settlements","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consulting-firm-mckinsey-to-pay-230-million-in-latest-us-opioid-settlements\/","title":{"rendered":"McKinsey consulting firm to pay $230M in recent US opioid settlements."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fconsulting-firm-mckinsey-to-pay-230-million-in-latest-us-opioid-settlements%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2048556&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>Consulting Firm McKinsey \u200d&#038;\u200b Co. to Pay $230 Million in \u2063Opioid Lawsuit\u2064 Settlement<\/h2>\n<p>McKinsey &#038; Co., a renowned\u2064 consulting firm, \u200chas reached a groundbreaking agreement to\u200d pay $230 million in settlements to \u2063hundreds of U.S. local\u200c governments and school\u2062 districts. These entities have accused McKinsey of contributing to the opioid addiction crisis through its work with Purdue Pharma, the bankrupt maker\u2064 of OxyContin, and other pharmaceutical companies.<\/p>\n<p>The\u200b settlements, which\u2062 are pending judicial approval, were revealed in documents\u2062 filed in federal court in San Francisco. This \u200dpayment\u2062 is\u2063 in addition to the $641.5\u2064 million that McKinsey\u200b has \u200dalready paid to resolve claims by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-and-senate-send-rebuke-of-bidens-esg-agenda-to-his-desk\/\" title=\"House And Senate Send Rebuke Of Biden\u2019s ESG Agenda To His Desk\">state attorneys-general<\/a>.<\/p>\n<p>Under the terms of \u200bthe settlement, McKinsey will pay $207 million to \u200bcounties and municipalities,\u200c and an additional\u2063 $23 million to public school districts. While McKinsey had\u2064 previously announced its intention to settle the cases, the exact amount had not been disclosed\u2064 until now.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n<a href=\"http:\/\/www.theepochtimes.com\/us\/dhs-unveils-strategy-to-combat-illicit-opioids-from-entering-us-5495085?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>DHS Unveils Strategy to Combat \u200cIllicit Opioids From Entering US<\/h3>\n<p><\/a>\n<\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/20\/2023<\/div>\n<\/div>\n<div class=\"shrink-0 basis-[120px]\">\n<a href=\"http:\/\/www.theepochtimes.com\/us\/dhs-unveils-strategy-to-combat-illicit-opioids-from-entering-us-5495085?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n<\/div>\n<\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n<a href=\"http:\/\/www.theepochtimes.com\/sports\/police-investigating-if-unprescribed-drugs-factored-into-death-of-former-nfl-player-mike-williams-5499113?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>Police Investigating\u200b If\u2064 Unprescribed Drugs Factored Into \u200cDeath of\u2062 Former NFL Player Mike Williams<\/h3>\n<p><\/a>\n<\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/26\/2023<\/div>\n<\/div>\n<div class=\"shrink-0 basis-[120px]\">\n<a href=\"http:\/\/www.theepochtimes.com\/sports\/police-investigating-if-unprescribed-drugs-factored-into-death-of-former-nfl-player-mike-williams-5499113?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Aelish Baig, the lawyer representing\u200c the affected local governments, hailed the settlement as &#8220;a strong outcome for the communities harmed by this crisis.&#8221;<\/p>\n<p>While McKinsey \u200chas not admitted any wrongdoing, the \u200dfirm stated that it still \u200dbelieves\u2062 its past\u2064 work\u200b was lawful. It \u200balso emphasized that\u200c it had made a commitment in 2019 to cease advising clients on any opioid-related business.<\/p>\n<p>Thousands of\u200d lawsuits have been filed by states, local governments, and Native American tribes, accusing drug companies \u2064of downplaying the risks of opioid painkillers. Distributors and pharmacies\u2063 have also been accused of turning a blind eye\u2062 to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consulting-firm-mckinsey-to-pay-230-million-in-latest-us-opioid-settlements\/\" title=\"McKinsey consulting firm to pay 0M in recent US opioid settlements.\">red flags indicating illegal trafficking<\/a>.<\/p>\n<p>According to the plaintiffs&#8217;\u200c lawyers, these legal \u200dactions have \u2062resulted in settlements exceeding $51 billion. Major drug manufacturers and the largest distributors in the nation have\u2063 already reached agreements.<\/p>\n<p>The lawsuits specifically alleged that McKinsey, a\u2063 leading global consulting firm,\u200c played a \u200brole in the deadly drug crisis\u200c by assisting drug manufacturers, including Purdue Pharma, in devising deceptive marketing strategies to boost painkiller sales.<\/p>\n<p>From 1999 to 2021, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/san-diego-county-preparing-to-install-free-narcan-vending-machines-to-combat-opioid-overdose-deaths\/\" title=\"San Diego County Preparing To Install Free Narcan Vending Machines To Combat Opioid Overdose Deaths\">opioid-related overdoses<\/a>, both from prescription and illicit drugs, claimed the lives\u2063 of nearly 645,000 people in the United States, as reported by\u2064 the U.S. Centers for\u200c Disease Control and Prevention.<\/p>\n<p>Last month, the U.S. Supreme Court agreed to hear a \u2064challenge \u2063by President Joe Biden&#8217;s administration regarding Purdue Pharma&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/purdue-asks-supreme-court-not-to-block-opioid-settlement-during-us-appeal\/\" title=\"Purdue urges Supreme Court to allow opioid settlement amid US appeal.\">multi-billion-dollar bankruptcy settlement<\/a>, \u2064which\u2064 resolves related claims against the drugmaker.<\/p>\n<div class=\"my-5\"><em>By Nate Raymond<\/em><\/div>\n<\/blockquote>\n<p> <\/p>\n<h2> What allegations have been\u2064 made against McKinsey &#038; Co. in \u200brelation to the opioid addiction crisis?<\/h2>\n<p><span>  Consulting firm \u200dMcKinsey\u200b &#038; Co. has agreed to pay $230 million in settlements to hundreds \u2062of U.S. local governments\u200c and school districts in relation to its work with Purdue Pharma, the bankrupt maker of OxyContin, and other pharmaceutical companies. The \u200dsettlements, which are pending \u200djudicial approval, were \u200cdisclosed in documents filed in federal court in San Francisco.<\/p>\n<p>The accusations against\u2064 McKinsey relate to its alleged contribution to the opioid addiction crisis.\u2063 Many local governments and school districts have claimed that the consulting \u2064firm played a role in promoting the sale and distribution of opioids, thus \u200dexacerbating the\u200d crisis. These entities argue that McKinsey&#8217;s work with\u200d Purdue Pharma and other pharmaceutical \u2062companies influenced their marketing and sales practices, leading to the widespread \u2064misuse and \u200baddiction to opioids.<\/p>\n<p>The $230 million settlement\u200b is in \u2064addition to the $641.5 million that McKinsey has \u200balready paid to resolve claims \u200bby state\u200c attorneys-general. This significant \u200camount reflects\u2063 the firm&#8217;s\u200d acknowledgement of its alleged involvement and\u200d its \u200ccommitment to addressing\u2064 the consequences\u200b of its\u2063 actions.<\/p>\n<p>According to\u2062 the terms of the settlement, McKinsey will\u2064 pay $207 million to counties and municipalities, and an additional $23 million to public school\u200d districts. While it had been previously announced that McKinsey intended to settle the cases, the exact amount had not been disclosed until now.<\/p>\n<p>This groundbreaking settlement represents a significant step \u200btowards\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rubio-targets-tyranny-of-nationless-woke-corporations-in-new-bill\/\" title=\"Rubio Targets \u2018Tyranny\u2019 Of \u2018Nationless\u2019 Woke Corporations In New Bill\">holding corporations accountable<\/a> \u200dfor their role in contributing to the opioid crisis. It sends \u2062a message\u2062 that companies cannot prioritize profit over public health and safety. By resolving these lawsuits, McKinsey is taking responsibility for its actions and providing financial compensation to those affected by the\u200c opioid epidemic.<\/p>\n<p>The opioid crisis has had devastating effects on communities across\u2064 the United States, resulting in countless lives lost and significant societal and economic burdens. It is crucial that all parties involved, including consulting firms and pharmaceutical companies, face consequences for their actions and take steps to address the damage caused.<\/p>\n<p>In conclusion, McKinsey &#038; Co.&#8217;s agreement to pay $230 million in settlements \u200brepresents\u200b a significant development in the fight against the opioid\u2062 crisis. This settlement not only provides financial\u2063 compensation to\u200b affected communities but also underscores the need for corporate accountability in addressing public health crises. It is a step towards justice and healing for \u200cthose impacted by the opioid epidemic, and it serves as a reminder that all entities involved in damaging public health must be held \u2063responsible\u2063 for their actions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consulting firm McKinsey &amp; Co. will pay $230 million to settle lawsuits by U.S. local governments and school districts. The allegations claim McKinsey contributed to the opioid addiction crisis by working with Purdue Pharma and other drug companies. The settlements are awaiting approval from a judge and were revealed in filed documents.<\/p>\n","protected":false},"author":66,"featured_media":2048557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2048556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2048556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2048556"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2048556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2048557"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2048556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2048556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2048556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}