EMS Investors Add Goldman Sachs To Suit Over Buyout

Law360, New York (April 5, 2011, 8:02 PM EDT) -- Emergency Medical Services Corp. shareholders in class action litigation challenging the $3.2 billion private equity buyout of the company in Delaware added Goldman Sachs & Co. on Monday to their list of conspirators that allegedly rigged the deal.

EMS’ board brought Goldman on as a second financial adviser to provide a fairness opinion on the proposed sale to Clayton Dubilier & Rice LLC, but the investment bank has a glaring conflict of interest due to its ongoing business relationship with CD&R, according to a complaint consolidating...
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