Skip to main content

McKinsey under Fire Again over Disclosures in Chapter 11 Cases

Submitted by ckanon@abi.org on
A unit of McKinsey & Co. working for Alpha Natural Resources should be sanctioned for failing to fully disclose potential conflicts in the coal producer's bankruptcy, Reuters reported on Monday. The consulting company's unit has only given the appearance of complying with bankruptcy disclosure rules, according to court papers written in part by Hon. Steven Rhodes, the former judge in Detroit's landmark chapter 9 bankruptcy case.