McKinsey to pay $573 mn to settle charges of fueling US opioid crisis

Washington (AFP) – Global consulting firm McKinsey will pay $573 million to US states to settle claims that it contributed to the deadly opioid crisis through its advice to pharmaceutical giants, including OxyContin manufacturer Purdue Pharma. The settlement is rare in the history of the massive firm that advertises its ability to solve problems worldwide, but has found itself accused of having a hand in creating a massive public health crisis in the United States. Under the terms of the settlement announced Thursday, McKinsey will not admit fault, and the agreement protects the company from f…

Read More

HEDGE accordingly