Consulting firm McKinsey & Co has agreed to pay $230 million to resolve lawsuits by hundreds of U.S. local governments and school districts alleging it fueled an epidemic of opioid addiction through its work for bankrupt OxyContin maker Purdue Pharma LP and other drug companies.
Under the settlements, McKinsey will pay $207 million to resolve claims by counties and municipalities, and another $23 million to resolve claims by public school districts. It is not admitting wrongdoing as part of the settlements.the cases but had not disclosed for how much. In a statement, the company said it continued to believe its past work was lawful. It also noted it had previously committed in 2019 to no longer advise clients on any opioid-related businesses globally.
Thousands of lawsuits have been filed by states, local governments and Native American tribes accusing drug companies of downplaying the risks of opioid painkillers, and distributors and pharmacies of ignoring red flags that they were being trafficked illegally. The litigation has resulted in more than $51 billion in settlements, according to lawyers for the plaintiffs, with deals already struck with
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