Private Equity Firms Ask Judge To Toss Antitrust Suit

Law360, New York (August 28, 2008, 12:00 AM EDT) -- JPMorgan Chase & Co., Goldman Sachs Group Inc., Blackstone Group LP and a slew of other private equity firms facing a proposed antitrust class action over joint bidding procedures for leveraged buyouts have asked a judge to toss the complaint, saying the case is nothing more than a securities claim.

In a motion filed Wednesday in the U.S. District Court for the District of Massachusetts, more than a dozen firms targeted in the case said securities laws preempted the plaintiffs' antitrust claims.

"Plaintiffs deploy every antitrust...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.