Blackstone Boss Calls LBO Collusion Suit 'Bunch Of Malarkey'

Law360, New York (October 18, 2012, 4:42 PM EDT) -- The Blackstone Group LP's COO on Thursday blasted a suit accusing him and several other private executives of colluding to avoid bidding wars in more than a dozen billion-dollar leveraged buyouts, saying the allegations are “a bunch of malarkey.”

In his first public comments on the high-profile case brought by a class of various target companies' shareholders who say the allegedly rigged deals bilked them out of returns, Tony James firmly stated that he had not been a party to unsavory deal-making.

"The lawsuit is a...
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