Carlyle Investors Sue Over 'Disastrous' IPO

Law360, New York (September 2, 2011, 9:07 PM EDT) -- Former Carlyle Capital Corp. shareholders on Thursday filed a putative class action in New York state court accusing the defunct investment fund and several executives of making false and misleading statements in advance of a disastrous 2007 initial public offering.

Carlyle — a residential mortgage-backed securities investment fund spawned by private equity juggernaut the Carlyle Group — was “by the time its initial capital was invested in RMBS a ‘house of cards’ only to be made more vulnerable to collapse by the time of its public...
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