Private Equity's Rise Yields New Dynamic With Unions

Law360, New York (October 24, 2007, 12:00 AM EDT) -- Bankruptcy filings in highly unionized industries and an overall surge in private equity investment in recent years have helped create a new dynamic between organized labor and private equity firms, with both sides increasingly cognizant of the benefits of garnering the other's support. This has led some experts to say that private equity's rise has been a boon for unions.

In many cases, private equity investment has been positive for labor unions, said Bruce Raynor, general president of Unite Here, a union that boasts 450,000 active...
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