Day: December 13, 2024

McKinsey fined for role in opioid crisis

McKinsey To Pay $650 Million to DoJ for Advising Client in Criminal Conduct

On By CC360 Staff

G lobal consulting firm McKinsey & Co. has agreed to pay $650 million to settle a Department of Justice investigation into the firm’s consulting work with opioids manufacturer Purdue Pharma. The DoJ had accused McKinsey of fueling the opioid epidemic with its aggressive sales and marketing advice to Purdue, including Read More

SEC Sets Record Year in Enforcement with $8.2 Billion in Fines

On By Joseph McCafferty

T he Securities and Exchange Commission announced that it filed 583 total enforcement actions in fiscal year 2024, while obtaining orders for $8.2 billion in financial remedies, the highest amount in SEC history. That record amount consisted of $6.1 billion in disgorgement and prejudgment interest, also the highest amount on Read More