BREAKING: Elite Consulting Firm Under Federal Investigation

Elite consulting firm McKinsey & Company is reportedly under federal investigation over their conduct in advising bankrupt companies.

The organization is reportedly under investigation by the Justice Department to determine if McKinsey used its influence in violation of the rules of Chapter 11 bankruptcy by quietly steering valuable assets to itself or favoring its own clients over other creditors. In particular, officials are reportedly looking into the bankruptcies of two companies, Alpha Natural Resources, a coal producer, and SunEdison, an alternative energy company.

It is unclear at this time if legal action will be produced by the investigation.

Source: McKinsey Faces Criminal Inquiry Over Bankruptcy Case Conduct – The New York Times

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