McKinsey agrees to $650 million settlement over opioids work

News updates from December 13: François Bayrou appointed French PM; McKinsey agrees to pay $650mn to settle opioid investigation

Financial Times - 3h

McKinsey to Pay $650 Million in Opioid Settlement With Justice Department

A former senior partner will also plead guilty to obstruction of justice after destroying company documents.

The New York Times - 4h

Why Spindrift’s Reported $650 Million Exit Is Part of a Growing Trend

The flavored-seltzer company’s potential private equity deal would be one of several recent big exits in the beverage industry.

Inc. - 5h

McKinsey & Company agrees to pay $650M for helping Purdue Pharma boost opioid sales

McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in Virginia

ABC News - 6h

Prosecutors label $650mn McKinsey opioid pact a warning to consultants

Firm settles criminal investigation and former senior partner admits obstruction of justice

Financial Times - 8h

McKinsey to pay $650m to resolve US investigation into opioid crisis role

Consultancy giant agrees to two criminal counts, including for conspiring with drug manufacturers, in DoJ settlement. The consultancy giant McKinsey has agreed to pay the US Department of Justice ...

The Guardian - 9h

McKinsey & Company to pay $650 million to settle opioid consulting probe, ex-partner to plead guilty

The Department of Justice had investigated McKinsey & Company for its consulting work with Purdue Pharma, the prescription opioid maker.

CNBC - 10h

McKinsey & Company agrees to pay $650 million to settle US investigation into opioids work, court papers say

ABC News - 11h

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue Pharma on how to ...

NBC News - 11h

Musk knocks SEC over settlement offer in probe

Tech mogul Elon Musk criticized the Securities and Exchange Commission (SEC) on Thursday over a settlement offer in the agency’s probe into his 2022 purchase of Twitter, now known as X. In a ...

The Hill - 11h

N Korea made millions from remote work scheme, US says

Fourteen North Koreans have been charged with fraud in the US over the long-running conspiracy

BBC News - 21h

Used this parking app? You may qualify for part of $32.8 million settlement

An estimated 21 million users of the ParkMobile parking app are said to have been impacted by the data breach.

The Hill - 1d

Left-hander Max Fried agrees to $218 million, 8-year contract with Yankees, AP source says

A person familiar with the negotiations tells The Associated Press that Max Fried and the New York Yankees have agreed to a $218 million, eight-year contract, the largest deal for a left-handed ...

ABC News - 2d

Ohio Supreme Court sides with pharmacies in appeal of $650 million opioid judgment

The Ohio Supreme Court has ruled that Ohio's product liability law prohibits counties from bringing public-nuisance claims against national pharmaceutical chains as they did as part of national ...

ABC News - 2d

Norway oil firm sued over alleged links to Israeli firm operating in illegal settlements

Exclusive: Complaint says Equinor is unlawfully connected to Israel’s Delek Group, which has been flagged by UN human rights commissioner. The Norwegian oil company Equinor is being sued over ...

The Guardian - 2d

Rangers agree on $75 million, 3-year deal to keep RHP Nathan Eovaldi, AP source says

The Texas Rangers and right-hander Nathan Eovaldi have agreed on a $75 million, three-year contract, a person with knowledge of the deal tells The Associated Press

ABC News - 3d

Hegseth shifts stance on women in combat while working to win over senators

Some of President-elect Donald Trump's Cabinet picks returned to Capitol Hill on Tuesday to continue their quest for Senate support ahead of confirmation hearings, including secretary of defense ...

CBS News - 3d

Max Fried and the Yankees agree to a $218 million, 8-year contract, the largest for a lefty pitcher, AP source says

ABC News - 3d

Willy Adames signs with Giants: Top free-agent shortstop agrees to seven-year, $182 million deal

The deal is the largest in franchise history and the first major signing under new boss Buster Posey

CBS Sports - 3d

Blake Treinen re-signs with Dodgers: Dominant reliever agrees to two-year, $22 million deal to return to L.A.

The 36-year-old Treinen is staying with the Dodgers after posting a 1.93 ERA last season

CBS Sports - 3d

Shell agrees to settle $2.1m lawsuit over Greenpeace protest

Campaign group will pay no money to oil and gas company, but will donate £300,000 to RNLI. Business live – latest updates Shell has agreed to settle its controversial multimillion-dollar ...

The Guardian - 3d

McKinsey’s $122mn bribery settlement in South Africa sparks outrage

Politicians and campaigners say penalty is insufficient as country struggles with corruption

Financial Times - 3d

Juan Soto agrees to $765 million deal with the Mets — biggest in sports history

Soto, 26, was considered this offseason's top free agent, valued as much for his elite skills on the field as for his age.

NBC News - 4d

How should the opioid settlements be spent? Those hit hardest often don’t have a say

People with substance use disorder are not getting a direct say on how most opioid settlement money is used

ABC News - 4d

Juan Soto agrees to record $765 million, 15-year contract with Mets, AP source says

A person familiar with the deal tells The Associated Press that star outfielder Juan Soto and the New York Mets have agreed to a record $765 million, 15-year contract

ABC News - 4d

What's next for Mets after Juan Soto agrees to $765 million deal? How New York needs to build around superstar

The Mets got their slugger, but their winter can't be done yet

CBS Sports - 4d

Juan Soto and the New York Mets have agreed to a $765 million, 15-year contract, a person familiar with the deal told AP

ABC News - 4d

Willy Adames agrees to $182 million, 7-year deal with the Giants, AP source says

Willy Adames has agreed to a $182 million, seven-year deal with San Francisco, providing the Giants with a power-hitting shortstop in the prime of his career, according to a person familiar with ...

ABC News - 6d

Free agent shortstop Willy Adames agrees to $182 million, 7-year contract with the San Francisco Giants, AP source says

ABC News - 6d

Pitcher Clay Holmes agrees to $38 million, 3-year contract with Mets, AP source says

A person familiar with the negotiations tells The Associated Press that pitcher Clay Holmes and the New York Mets have agreed to a $38 million, three-year contract

ABC News - 6d

Luis Severino and Athletics agree to $67 million, 3-year contract, AP sources say

Two people familiar with the negotiations tell The Associated Press that right-hander Luis Severino and the Athletics have agreed to a $67 million, three-year contract

ABC News - Dec. 5

McKinsey to Pay $122 Million to Settle South Africa Bribery Case

The global consultancy was accused of bribing foreign government officials. A former senior partner pleaded guilty to a conspiracy charge.

The New York Times - Dec. 5

McKinsey unit will pay $123 million to settle claims it bribed South African officials

The scheme to bribe two South African state-controlled companies helped McKinsey and McKinsey Africa net approximately $85 million in profits, the DOJ said.

CNBC - Dec. 5

Luis Severino and Athletics agree to $67 million, 3-year contract, AP sources say (CORRECTS: A previous APNewsAlert erroneously called the team the Oakland Athletics)

ABC News - Dec. 5

McKinsey agrees to $650 million settlement over opioids work

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