McKinsey Foe Asks To Lead Probe Into Consulting Giant
Law360 (April 10, 2019, 5:58 PM EDT) -- Restructuring consultant Jay Alix again urged a New York bankruptcy court on Tuesday to let him investigate McKinsey & Co. over alleged conflicts of interest in the SunEdison Inc. Chapter 11 case, just days after McKinsey revealed that it paid $17.5 million to SunEdison's estate to resolve nearly identical claims.
Operating through the purpose-built entity Mar-Bow Value Partners LLC, Alix told the court that he's uniquely positioned to lead a court-sanctioned probe into McKinsey because he has been hounding the consulting giant for years as a private actor over alleged financial entanglements caused by its employee pension fund.
Alix said he...
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