that McKinsey was shuttering its restructuring unit, and some partners in the division were laid off while yet others were being absorbed into other practices.
"McKinsey RTS is not being shut down. Reports to the contrary are inaccurate," the spokesperson for McKinsey told Reuters.In October, the U.S. Supreme Court to hear McKinsey's bid to escape a lawsuit by retired turnaround specialist Jay Alix. Alix had accused the firm of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings.$18 million to the U.S. Securities and Exchange Commission for compliance failures in handling non-public information.Our Standards: