PE Titans Try Again To Whittle LBO Bid-Rigging Claims

Law360, New York (July 24, 2012, 3:52 PM EDT) -- Eleven of the world's biggest private equity firms on Monday asked a Massachusetts federal judge for summary judgment in the long-running class action accusing them of conspiring to depress prices for multibillion-dollar takeovers, saying the plaintiffs hadn't sufficiently proved their antitrust claims.

They say the plaintiffs haven't met their burden under the overarching conspiracy claim, which accuses the firms of agreeing not to make counterbids for target companies and divvying up the spoils once the deals closed.

“Plaintiffs have failed to meet their burden as required...
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