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TXU's Buyers Pay Up To Silence Suits Over Merger

Law360 (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...
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