TXU's Buyers Pay Up To Silence Suits Over Merger

Law360, New York (July 30, 2007, 12:00 AM EDT) -- The private equity firms that are angling for Dallas-based energy company TXU Corp. said Friday they will settle the slew of class action and derivative suits currently in federal and state courts—including the proposed class action shareholders filed on Thursday.

Those firms, Texas Pacific Group and Kohlberg Kravis Roberts & Co., have been the targets of heavy litigation over their $45 billion buyout and merger of the company.

According to suits like Thursday's, TXU and its directors misled investors, filing a false and misleading proxy statement...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.