U.S. Supreme Court spurns McKinsey & Co appeal in bankruptcy conflicts case By Reuters

(Reuters) – The U.S. Supreme Court on Tuesday declined to hear McKinsey & Co’s bid to escape a lawsuit by retired turnaround specialist Jay Alix accusing the management consulting firm of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings.

The justices turned away McKinsey’s request that they overturn a lower court’s decision that the lawsuit by Alix, who has accused the firm of running a “criminal enterprise” by hiding its ties to lenders and its clients’ competitors.