December 13, 2024
McKinsey & Co. has agreed to pay $650 million to resolve a U.S. Department of Justice investigation into the consulting firm’s work advising opioid manufacturer OxyContin maker Purdue Pharma on how to boost sales. McKinsey has entered into a five-year …
November 22, 2024
McKinsey & Co. is in the final stages of negotiating a deferred prosecution agreement to resolve a U.S. criminal investigation into the consulting firm’s work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar …
October 17, 2024
McKinsey & Co. is nearing a deal with U.S. prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar with the matter. A settlement, which could …
May 7, 2021
McKinsey & Co. faces Kentucky and West Virginia school districts’ lawsuits alleging the company’s work for opioid makers fed an epidemic that harmed children and drove up educational costs, in the first such cases by educators against the consulting firm. …
February 4, 2021
Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a …
December 28, 2020
Only a couple of years ago most property claim inspections took at least a week, says Joshua Cruce, the newly promoted chief strategy officer for Brush Country Claims. Adjusters often spent four days out in the field inspecting damage and …
October 19, 2020
Can insurers resolve claims more efficiently by dispatching specialist vendors instead of claims adjusters to determine the cause of loss and the replacement value? Some experts say so. But policyholder attorney Chip Merlin of Tampa, Fla. posits in an Oct. …