McKinsey Is Under Criminal Investigation for Its Opioid Work [The New York Times]
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Source: The New York Times
The Justice Department is investigating McKinsey & Company, the international consulting giant, for its role in helping drug companies maximize their sale of opioids.The investigation is led by the attorneys’ offices in Massachusetts and the Western District of Virginia in coordination with the department’s civil division in Washington, according to two officials familiar with the case who spoke on condition of anonymity.Since 2021, McKinsey has agreed to pay about $1 billion to settle investigations and lawsuitsacross the United StatesNews of the criminal investigationwas first reportedThe investigation has been underway for several years. Endo, a pharmaceutical company that hired McKinsey to advise on the sale of the opioid Opana, said in aregulatory filingThe New York Times reportedsaid it received a grand jury subpoenaFederal prosecutors are also looking into whether McKinsey obstructed justice in its handling of records, according to The Journal.By 2018, senior McKinsey consulta
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