McKinsey & Co. says racketeering and other claims made by the founder of a competitor, AlixPartners LLP, are “meritless,” and seeks to dismiss the latest complaints.
McKinsey’s response filed Oct. 10 addresses a May lawsuit filed by Jay Alix, the founder of competitor AlixPartners LLP. That lawsuit alleges the consulting giant went so far to get ahead in the market for advising bankrupt companies that it engaged in racketeering.
“Alix has aggressively transformed his dispute over the interpretation of a bankruptcy disclosure rule into claims that the entire family of McKinsey companies and seven professionals are racketeers who have engaged in, among other things, fraud, obstruction of justice, money laundering, bribery, and witness tampering,” the consulting company said in a court filing. “In the 17 years since McKinsey first advised a chapter 11 debtor, no creditor other than Mr. Alix has ever challenged our disclosures,” McKinsey said in an emailed statement.
McKinsey previously moved to dismiss the original complaint. A court ruling in September rejected an appeal of a prior ruling in McKinsey’s favor.
The case is Alix v McKinsey & Co. Inc., No. 18-cv-04141, U.S. District Court, Southern District of New York (Manhattan), memorandum of law filed 10/11/18.
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