X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

Ten states led an executive committee investigation into McKinsey. Those states included Connecticut, California and New York. Thirty-seven other states joined the lawsuit and signed off on the settlement agreement. Only Nevada, Washington and West Virginia weren’t part of the agreement.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.