Carlyle Abandons Anti-Lawsuit Lingo In IPO Docs

Law360, New York (February 3, 2012, 3:59 PM EST) -- Bowing to behind-the-scenes pressure from securities regulators, The Carlyle Group LP said Friday it would remove anti-lawsuit individual arbitration provisions that it had contemplated as part of its planned initial public offering.

The Washington-based private equity giant, which controls $148 billion in assets, issued a statement implying the U.S. Securities and Exchange Commission was not a fan of its provision that would require "individual arbitration of any disputes arising out of ... the common units, including those under the federal securities laws of the U.S."...
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