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To embed, copy and paste the code into your website or blog: The opioid abuse and drug overdose crisis has tarred yet another of the nation’s business titans: McKinsey, a globally renowned consulting firm, has discovered that providing corporate clients sketchy advice about addictive, debilitating, and even lethal prescription medications can have consequences. The firm, which has apologized for its conduct, has agreed to pay $573.9 million in a settlement with 47 states over consulting work it did for multiple Big Pharma companies, notably with Purdue Pharmaceuticals, the maker of the dr...

Global consulting giant McKinsey & Company agrees to pay $573million settlement for role in opioid crisis after advising drug companies on how to 'supercharge' sales McKinsey & Co. agreed to $573million settlement with 47 states, DC, and 5 US territories over its role in advising OxyContin maker Purdue Pharma  Criticism of McKinsey escalated since New York Times report from November claimed the firm advised Purdue Pharma on ways to 'supercharge' drug sales  In December, McKinsey apologized for its work with Purdue Pharma and vowed to probe claims two senior partners discussed deleting reco...

Sackler family expressed fears they could be targeted in lawsuits over OxyContin a DECADE before being sued for fueling the opioid crisis and transferring $10.7billion from their company Purdue Pharma Court filings unsealed Friday showed members of the Sackler family discussing potential future lawsuits over their role in the opioid crisis as far back as 2007 The family have long denied that the $10.7billion they transferred from Purdue Pharma was an unlawful attempt to shield assets in anticipation of litigation  The significant transfers were made between 2008 and 2017 David Sackler, who s...

Members of family that led maker of OxyContin deny responsibility for opioid crisis in congressional hearing Meryl Kornfield, The Washington Post Dec. 17, 2020 FacebookTwitterEmail Testifying in public for the first time in decades, members of the family who led OxyContin maker Purdue Pharma apologized Thursday to victims of the national opioid epidemic but did not go as far as accepting personal responsibility for the health crisis. David Sackler, who served on Purdue's board from 2012 to 2018, and Kathe Sackler, a board member from 1990 to 2018 and a former vice president, faced heated que...

captioning sponsored by wpbt >> we are going to get this done. we are going to make history. we are going to fix health care in america with your help. >> tom: with just two days to go before an historic congressional vote on health care reform. president obama pulls out all the stops. >> suzanne: but congressional republicans insist, this is not a bill the american people want. a look at what's in the final legislation, as it heads toward a vote. you're watching "nightly business report" for friday, march 19. this is "nightly business report" with susie gharib and tom hudson. "night...