Law360, New York (February 02, 2012, 4:43 PM ET) -- A group representing trial lawyers on Thursday ripped anti-lawsuit provisions contemplated by the Carlyle Group LP ahead of its initial public offering, urging regulators not to let the $148 billion private equity giant go public on terms that would force disgruntled investors into arbitration.
American Association for Justice President Gary M. Paul's call for the U.S. Securities and Exchange Commission to reject the IPO came after Carlyle updated its terms Jan. 10 with a provision that would require "individual arbitration of any disputes arising out of …...
Trial Attys Slam Anti-Lawsuit Clause In Carlyle’s IPO
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