McKinsey to Pay $78 Million to Settle Opioid Claims by Insurers

McKinsey & Co. is poised to pay $78 million to health insurers and company benefit plans, in its latest settlement of lawsuits over its role advising opioid makers in their sales of the painkillers.

The proposed accord, filed in federal court in San Francisco on Friday, would resolve allegations that the management consulting firm helped fuel the US opioid epidemic by providing sales analysis and marketing advice to manufacturers of the highly addictive painkillers, including Purdue Pharma LP and Johnson & Johnson.

More than 3,000 state and local governments have sued opioid makers, distributors and sellers, seeking compensation ...