Veteran turnaround executive Jay Alix is suing consulting giant McKinsey & Co. over claims the company has failed to adequately disclose conflicts of interests in its bankruptcy and restructuring business. AlixPartners founder Jay Alix claims McKinsey’s restructuring unit, RTS, has received tens of millions of dollars in bankruptcy fees “that it would not have otherwise earned had it disclosed its numerous connections to interested parties and conflicts of interests as required by law,” according to a lawsuit filed Wednesday...

Source: Wall Street Journal May 09, 2018 22:12 UTC