McKinsey & Co., a leading global consulting firm, has agreed to pay $78 million to settle claims from health insurers and benefit plans that it helped fuel the opioid addiction crisis in the United States. The plaintiffs accused McKinsey of helping drug manufacturers design deceptive marketing plans and boost sales of painkillers. The settlement is the last in a series of settlements McKinsey has reached and is hoped to bring some closure to the families and communities affected by the crisis.
Posts tagged as “Purdue Pharma’”
The Supreme Court heard arguments on Monday in a case that could determine the fate of Purdue Pharma's bankruptcy plan, which includes a provision protecting the Sackler family from liability for the opioid epidemic. The Biden administration has objected to the plan, arguing that it gives the Sacklers too much protection, and justices expressed skepticism that a bankruptcy court had legal authority to release the Sacklers from potential legal claims. The Supreme Court's decision could have far-reaching implications for the opioid epidemic and the Sackler family, as it will determine whether the Sacklers will be protected from future civil lawsuits.