McKinsey Hid Conflicts to Draw Bankruptcy Work, Alix Says

• Concealment alleged by rival in SunEdison, Genon, Alpha cases • AlixPartners founder says ‘racketeering’ brought in millions

Consulting giantMcKinsey & Co.went so far to get ahead in the lucrative market for advising bankrupt companies that it engaged in racketeering, according to a lawsuit by Jay Alix, the founder of competitor AlixPartners LLP.

McKinsey “knowingly and intentionally submitted false and materially misleading declarations under oath in the bankruptcy proceedings” since 2001 to conceal what would have been disqualifying conflicts of interest, Alix said in the complaint, filed Wednesday in Manhattan district court.

McKinsey also had “pay to play” ...