Bain, KKR Slam Class Cert. Bid In Collusion Suit

Law360, New York (January 27, 2014, 6:58 PM EST) -- Bain Capital LLC, KKR & Co. LP and other private equity firms urged a Massachusetts federal court Friday not to certify a class action claiming they conspired to hold down the prices of the companies they bought out.

The private equity firms lambasted the bid by plaintiffs — former shareholders in the targeted companies who claim they received less than competitive payouts for their stock — for class certification, arguing that the would-be class members had little in common.

"Plaintiffs seek to certify an unprecedented class...
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