McKinsey to Pay at Least $500 Million in DOJ Opioid Probe October 18, 2024 By Ambereen Choudhury, Sabrina Willmer and Chris Strohm McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes...
Purdue Settlement Talks With Sacklers Extended to November September 25, 2024 By Jonathan Randles Purdue Pharma LP said its making progress in settlement talks with members of the Sackler family who own the company...
Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases September 16, 2024 Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up...
Indivior Reaches $86 Million Opioid Settlement With 16 States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction...
Purdue Pharma Secures Litigation Ceasefire After Supreme Court Ruling July 10, 2024 By Dietrich Knauth Purdue Pharma on Tuesday received U.S. court approval for a 60-day freeze on lawsuits against its owners, members of the...
Purdue Pharma Backs Creditor Move to Sue Sacklers Over Assets July 9, 2024 By Steven Church and Shannon D. Harrington The bankrupt estate of Purdue Pharma says it will support a move by the opioid maker’s creditors to sue members...
Supreme Court Blocks Purdue Pharma Bankruptcy Settlement June 27, 2024 By John Kruzel The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma’s bankruptcy settlement that would have shielded its wealthy Sackler...
Arkansas Sues Pharmacy Benefit Managers Over Alleged Role in Fueling Opioid Crisis June 26, 2024 By Andrew DeMillo LITTLE ROCK, Ark. (AP) — Arkansas on Monday sued two pharmacy benefit managers that oversee coverage for insurers, employers and...
Top Law Firms in US Opioid Lawsuits to Get Hundreds of Millions in Fees June 10, 2024 By Brendan Pierson A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide...
McKinsey Faces US Criminal Probe Over Opioids Work, Sources Say April 25, 2024 By Mike Spector, Nate Raymond and Chris Prentice McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key...