McKinsey Gets Supreme Court Shot to Stay Jay Alix RICO Case

McKinsey & Co. was given one week to seek relief at the U.S. Supreme Court to avoid facing a federal racketeering suit brought by legal adversary Jay Alix, who is accusing the consulting firm of concealing conflicts of interest to secure high-priced bankruptcy restructuring work.

The U.S. Court of Appeals for the Second Circuit said Wednesday it will grant McKinsey a seven-day reprieve before following through with a decision to revive Alix’s claims. The global consulting giant had asked the Second Circuit for an indefinite pause so it can pursue a U.S. Supreme Court challenge, but the appeals court said ...