KKR, Blackstone, Others Used Email In LBO Collusion: Suit

Law360, New York (October 11, 2012, 4:12 PM EDT) -- High-ranking executives at private equity firms including KKR & Co., Blackstone Group LP and the Carlyle Group LP colluded through email exchanges to avoid bid wars in more than a dozen billion-dollar leveraged buyouts, according to a federal complaint unsealed Wednesday.

A district judge in Massachusetts opened the lightly redacted fifth amended complaint for public view after the 14 private equity firms named as defendants failed to show the court how revealing the document linked to an antitrust investigation would cause them “specific and severe harm.”...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.