statewide_substance_use_response_working_group_ann.pdf
Nevada Secures $45M McKinsey Opioid Settlement
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Description
The State of Nevada awarded a legal settlement with McKinsey, resulting in the recovery of $45 million to address opioid-related harms, subject to deductions for outside counsel and legal costs. The funds are to be allocated as per the One Nevada Agreement on Allocation of Opioid Recoveries.
Contract Details
Contract Amount
$45,000,000 (received in two amounts: $23,000,000 and $22,000,000)
Vendor
MCKINSEY
Agency
Nevada AG | Substance Use Response Working Group, NV
Contract Type
LEGAL
Document Date
January 31, 2024
Renewal Date
2021-12-31
Renewal Info
Settlement finalized in 2021. No renewals; funds disbursed in two tranches. Contingency fee legal counsel paid from proceeds.
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ONGOINGIssuing Agency
Nevada AG | Substance Use Response Working Group
State
Carson City, NV
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