McKinsey Opioids – Lieff Cabraser https://www.braserlieffcasite.top Thu, 25 Apr 2024 17:11:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 Plaintiffs’ Counsel Announce that Court Grants Final Approval to McKinsey’s $230M Opioid Settlement with Cities, Counties, and Schools https://www.braserlieffcasite.top/2024/02/plaintiffs-counsel-announce-that-court-grants-final-approval-to-mckinseys-230m-opioid-settlement-with-cities-schools/ Mon, 05 Feb 2024 15:50:54 +0000 https://www.braserlieffcasite.top/?p=16312 The law firms of Lieff Cabraser Heimann & Bernstein LLP, Robbins Geller Rudman & Dowd LLP, Simmons Hanly Conroy LLC, Motley Rice LLC, and Browne Pelican PLLC, counsel for plaintiffs in the McKinsey opioids litigation, announce that U.S. District Court Judge Charles Breyer has granted final approval to a $230 million settlement by McKinsey & Co. over claims that the consulting firm’s marketing work greatly accelerated opioid sales and forced municipal governments to divert public resources to deal with rampant painkiller addiction.

Order Granting Settlement Approval, In re McKinsey & Co. Inc. National Prescription Opiate Consultant Litigation

Order Granting Settlement Approval, In re McKinsey & Co. Inc. National Prescription Opiate Consultant Litigation (Santa Cruz County, et al.)

The lawsuit was filed in 2021 by public governments and school districts, who alleged McKinsey strategized and acted with Purdue Pharma LP and various other opioid manufacturers to create and employ marketing and sales practices to maximize opioid revenues. McKinsey had agreed to the $230 million settlement in September. The settlement is the first to offer monetary restitution specifically for schools.

Various companies have paid more than $50 billion in settlements for making misleading marketing statements that vastly underplayed the addictive quality of opioid pain killers. The U.S. Supreme Court is purportedly considering whether to reverse an appeals court’s decision allowing Purdue’s family owners to dedicate roughly $6 billion to a trust for opioid victims in exchange for protection against civil liability from lawsuits related to opioid marketing.

McKinsey previously agreed to pay $600 million to settle state attorneys general lawsuits seeking to hold its work with the opioid industry accountable. As with the earlier settlements, the money from the new settlement will be distributed to subdivisions and school districts pursuant to established settlement allocation formulas. The schools will receive their monies pursuant to a grant-making trust.

For more information, see https://mckinseyschooldistrictopioidsettlement.com/

]]> McKinsey Consultancy Opioid Epidemic Tribal Settlement Distribution is Underway https://www.braserlieffcasite.top/2024/01/mckinsey-consultancy-opioid-epidemic-tribal-settlement-distribution-is-underway/ Thu, 18 Jan 2024 23:15:08 +0000 https://www.braserlieffcasite.top/?p=16226

On Wednesday, January 17, 2024, a distribution of $32 million was made to federally-recognized Native American Tribes as part of the McKinsey Opioid Epidemic Tribal Settlement. Lieff Cabraser serves as Plaintiffs’ lead counsel in the McKinsey & Co. National Prescription Opiate Litigation, and has been at the forefront of this crucial legal battle, striving to win redress for the devastation of the opioid epidemic on Tribal communities.

This settlement marks a significant advancement in the collective effort to abate the opioid crisis in Indian country. This financial support is a part of the broader $340 million settlement agreement reached with McKinsey & Company, Inc., which includes $39.5 million specifically allocated to assist the federally-recognized Tribes.

“The funds are a testament to the resilience of the Tribal communities,” notes Lieff Cabraser partner Elizabeth Cabraser, who serves as lead counsel for plaintiffs in the litigation. “They aim to bolster opioid addiction treatment, care, and prevention, thereby fostering healing and recovery in Native American and Alaska Native communities.”

Lieff Cabraser recognizes the urgency of this matter and remains steadfast in our commitment to ensuring that the affected communities receive the support they need. We encourage the remaining Tribes to participate and submit their forms by the December 28, 2024 deadline to ensure that the allocated funds reach all those in need.

To Participate

In order to participate, a Tribe must sign and submit a Tribal Participation Form through a secure portal that can be accessed through the website https://mckinseytribalsettlement.com. Tribes can also fax, email, or mail their Participation form; full instructions are available on the Tribal Participation website.

]]>