Bankruptcy Judge Is Really Rather Sick Of Nitpicking Over The Intricacies Of Bankruptcy Law



Some people travel the world playing poker. Others prefer bridge. Jay Alix derives his greatest pleasure from telling anyone who’ll listen how awful McKinsey is. Which makes this week an extra-special one for the AlixPartners founder, as he gets to spend it making his literal case to a federal judge in Houston.

On Wednesday, lawyers for McKinsey and Mr. Alix also discussed a series of conversations between him and Dominic Barton, a former McKinsey global managing partner, that have become a particularly heated source of acrimony….

Mr. Alix says Mr. Barton, who now serves as Canada’s ambassador to China, called bankruptcy disclosure laws unimportant and never acted to improve McKinsey’s practices. In a statement, Mr. Barton called Mr. Alix’s allegations “a total fabrication.”

For their part, those McKinsey lawyers are sticking to their story, which is that their client goes over and above in terms of conflicts disclosures. This, if true, would be extraordinary, because it would mean that everyone else is going several orders of magnitude further over and above in spite of the cost and difficulty purely out of the goodness of their hearts, we guess. They also say that they hired some guy to write up a 24-page set of rules allowing McKinsey to average just five disclosures against everyone else’s 117, which given that it came last year seems a bit of ex post facto rationalizing, but whatever. They also say this:

“His purpose remains to drive us out of business,” Ms. Gay said. “There is nothing McKinsey could do to satisfy Mr. Alix.”



This article is sourced from :
Source link