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Holders Name 13 Private Equity Firms In Antitrust Suit

Law360 (November 15, 2006, 12:00 AM EST) -- The methodology of private equity firms was once again called into question when 13 of the industry’s most prominent firms were named in a civil suit filed Wednesday by shareholders who claim the companies violated antitrust laws and conspired to fix deal prices.

The suit, filed in the U.S. District Court for the Southern District of New York, claims prominent firms created “clubs” in order to bid collectively during buyouts.

Private equity firms typically buy companies, then slash costs and restructure the businesses before selling them...
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