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Judge Tosses Alix Claim of McKinsey Lying to Win Bankruptcy Work (1)

Aug. 19, 2019, 7:14 PM

A New York federal judge dismissed federal racketeering claims brought against McKinsey & Co. by rival Jay Alix, saying the retired executive failed to show harm from the consulting firm’s alleged lies to secure lucrative work in bankruptcy cases.

Alix, who founded restructuring firm AlixPartners, sued McKinsey and a handful of the consulting giant’s executives, alleging they violated the federal racketeering law by intentionally concealing disqualifying conflicts of interest in large corporate bankruptcy cases.

Qualified competitors, like AlixPartners, would have won these advising jobs had McKinsey properly disclosed its connections to interested parties in those cases, Alix alleged.

But the ...