MCKINSEY CONSULTING TO PAY $650 MILLION TO RESOLVE FEDERAL INVESTIGATIONS INTO WORK W/ PURDUE PHARMA

DECEMBER 13, 2024 PRESS CONFERENCE: U.S. Attorney Joshua S. Levy holds press conference announcing that McKinsey & Company Inc., a global management consulting firm based in New York, has agreed to pay $650 million to resolve a criminal and civil investigation into the firm’s consulting work with opioids manufacturer Purdue Pharma L.P. The resolution pertains to McKinsey’s advice to Purdue concerning the sales and marketing of Purdue’s extended-release opioid drug, OxyContin, including a 2013 engagement in which McKinsey advised on steps to “turbocharge” sales of OxyContin. The resolution also marks the first time a management consulting firm has been held criminally responsible for advice resulting in the commission of a crime by a client. Read more here: https://www.justice.gov/usao-ma/pr/ju...