A Key Decision For Joint-Bidding, Private Equity Funds

Law360, New York (February 22, 2008, 12:00 AM EST) -- On Feb. 21, 2008, a federal district court dismissed, with prejudice, an antitrust case brought against two private equity funds in connection with their joint agreement to acquire a publicly traded corporation in a context where the two previously had submitted separate bids.

The decision — the first to ever conclude that the practice of combining bids for corporate control does not violate the Sherman Act — is an important precedent for private equity funds contemplating joint-bidding agreements, and is significant in its application of the...
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.