DOJ’s Antitrust Division Places Opening Bid On Private Equity Firm Investigation

Law360, New York (November 21, 2006, 12:00 AM EST) -- The Department of Justice’s Antitrust Division (New York field office) recently sent letters to several of the largest, most powerful private equity firms seeking information about their auction practices when bidding for control of target companies.

The letters triggered waves of speculation throughout the booming private equity industry, which does not typically receive the regulatory focus to which most publicly traded companies are accustomed. Certainly, any indication that a particular company or a series of major players within an industry have caught the eye of the...
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