McKinsey faces investigation over conduct in bankruptcy cases: Report

A division of the Justice Department, the Office of the United States Trustee, which oversees administration of bankruptcy cases, has also initiated an investigation, according to the paper

McKinsey & Co is facing a federal criminal investigation in the way the consulting firm advised bankrupt companies, the New York Times reported, citing five unidentified people with knowledge of the matter.
 

Prosecutors and Justice Department officials have conducted interviews about McKinsey’s advisory role in at least two bankruptcy cases, coal producer Alpha Natural Resources Inc and alternative energy firm SunEdison Inc, the newspaper said, citing one person who had been questioned by the Federal Bureau of Investigation.
 

Gary Pinkus, chairman of McKinsey’s North America chairman, said the company received and addressed an inquiry from the US Attorney’s Office in