Burned in Tobacco Deal, Cities in Drug Fight Target McKinsey
Bloomberg 1 hr ago Jef Feeley
(Bloomberg) U.S. cities and counties are increasingly at odds with their own state governments over how to divvy up $641.5 million that consulting firm McKinsey & Co. has offered to settle its liability for work with the opioid industry.
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In the past two months, McKinsey reached final agreements with all 50 states to resolve lawsuits claiming it helped boost sales of the addictive drugs. But since then, more than 20 cities, counties and Native American tribes have sued the consultant, hoping for their own payouts. Local governments in New York even sought to block the state’s pact with McKinsey because it would harm their separate suits against the firm.