OxyContin bottle on counter. The settlement followed a lawsuit alleging the New York City-based consulting company profited from its work advising opioid manufacturers on how to increase profits. (Photo: PureRadiancePhoto/Shutterstock.com)

A coalition of 47 states, the District of Columbia and five U.S. territories Thursday announced they've reached a $573 million settlement agreement with global consulting firm McKinsey & Co. over its role in advising opioid companies on how to promote and profit from their products.

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