Top Management Consulting Firm McKinsey in Talks with United States Department of Justice to Pay $600 Million Settlement & Dismiss Criminal Charges for Helping Opioid Manufacturers Increase Sales Which Contributed to Addiction Epidemic & Deaths, Opioid is Substance Found in Opium Poppy Plant and Used for Pain Relief
22nd November 2024 | Hong Kong
Top management consulting firm McKinsey in talks with United States Department of Justice to pay $600 million settlement & dismiss criminal charges for helping opioid manufacturers increase sales which contributed to addiction epidemic & deaths in the United States. Opioid is a substance found in opium poppy plant, and used in cases including for pain relief. United States Centers for Disease Control & Prevention: “Nearly 108,000 people died from drug overdose in 2022 and approximately 82,000 of those deaths involved opioids (about 76%).” John Hopkins Medicine: “Opioids are a class of drugs that derive from, or mimic, natural substances found in the opium poppy plant. Opioids work in the brain to produce a variety of effects, including pain relief. Opioid drugs include prescription pain medicine and illegal drugs. Some people use opioids because of the euphoria (“high”) they can produce. Opioid drugs can cause addiction, also known as opioid use disorder (OUD).” In 2023 April, McKinsey reorganized its Bankruptcy Advisory business after several lawsuits and government investigations on possible conflict of interests and insider trading, paying $18 million in 2021 for insider trading government probe & $15 million in 2019 for conflict of interest disclosures. The business unit is part of McKinsey Recovery and Transformation Services (RTS). McKinsey is founded in 1926 in Chicago, United States. McKinsey is a corporation but govern ourselves like a partnership, and are owned and governed by our partners worldwide. McKinsey has a global reach of 133 cities in 67 countries, 35,000 employees. McKinsey has no headquarter, with each Managing Partner choosing his or her home office. The global managing partner is Bob Sternfels, since 2021.
“ Top Management Consulting Firm McKinsey in Talks with United States Department of Justice to Pay $600 Million Settlement & Dismiss Criminal Charges for Helping Opioid Manufacturers Increase Sales Which Contributed to Addiction Epidemic & Deaths, Opioid is Substance Found in Opium Poppy Plant and Used for Pain Relief “
Top Management Consulting Firm McKinsey Reorganized Bankruptcy Advisory Business after Lawsuits & Government Investigations on Conflict of Interests & Insider Trading, Paid $18 Million in 2021 for Insider Trading Probe & $15 Million in 2019 for Conflict of Interest
7th April 2023 – Top management consulting firm McKinsey is reorganizing its Bankruptcy Advisory business after several lawsuits and government investigations on possible conflict of interests and insider trading, paying $18 million in 2021 for insider trading government probe & $15 million in 2019 for conflict of interest disclosures. The business unit is part of McKinsey Recovery and Transformation Services (RTS). McKinsey is founded in 1926 in Chicago, United States. McKinsey is a corporation but govern ourselves like a partnership, and are owned and governed by our partners worldwide. McKinsey has a global reach of 133 cities in 67 countries, 35,000 employees. McKinsey has no headquarter, with each Managing Partner choosing his or her home office. The global managing partner is Bob Sternfels, since 2021.
McKinsey – McKinsey is a global management consulting firm committed to helping organizations accelerate sustainable and inclusive growth. We work with clients across the private, public, and social sectors to solve complex problems and create positive change for all their stakeholders. We combine bold strategies and transformative technologies to help organizations innovate more sustainably, achieve lasting gains in performance, and build workforces that will thrive for this generation and the next. McKinsey is founded in 1926 in Chicago, United States. McKinsey is a corporation but govern ourselves like a partnership, and are owned and governed by our partners worldwide. McKinsey has a global reach of 133 cities in 67 countries, 35,000 employees. McKinsey has no headquarter, with Managing Partner choosing his or her home office. The global managing partner is Bob Sternfels, since 2021.
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