McKinsey & Company agrees to pay $650 million to settle federal probe over opioids work

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Virginia News

Prescription Drugs,Opioids,District Of Columbia

McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in Virginia.

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McKinsey has also entered into a deferred prosecution agreement to resolve criminal charges, including that it conspired with Purdue Pharma to aid in the misbranding of prescription drugs. A former McKinsey senior partner has also agreed to plead guilty to obstruction of justice charges, according to the court papers.

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