World News | McKinsey & Company Agrees to Pay USD 650 Million to Settle Federal Probe over Opioids Work

Washington, Dec 13 (AP) McKinsey & Company consulting firm has agreed to pay USD 650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in Virginia on Friday.

McKinsey has also entered into a deferred prosecution agreement to resolve criminal charges, including that it conspired with Purdue Pharma to aid in the misbranding of prescription drugs.

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A former McKinsey senior partner has also agreed to plead guilty to obstruction of justice charges, according to the court papers.

McKinsey representatives didn't immediately respond to phone and email messages on Friday. (AP)

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)