March 05, 2015
A Massachusetts federal judge who has already approved $590 million in settlements and a $200 million attorneys' fee gave the green light Monday to an allocation plan in an antitrust class action claiming Goldman Sachs Group Inc., Carlyle Group LP and other private equity firms teamed up to keep leveraged buyout prices low.
February 25, 2015
An objecting class member told a Massachusetts federal judge Wednesday that the attorneys who negotiated a $590 million class action settlement on behalf of investors accusing private equity giants of colluding to depress leveraged buyout prices are still trying to relitigate a fee fight already settled by the court.
February 24, 2015
Attorneys who negotiated a $590 million class action settlement on behalf of investors accusing private equity giants of colluding to depress leveraged buyout prices agreed to be paid their $200 million in fees only as funds are distributed to the class, according to papers filed in Massachusetts federal court Monday.
February 02, 2015
A Massachusetts federal judge on Monday approved nearly $200 million in attorneys' fees tied to $590 million in settlements in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and several other private equity firms teamed up to keep leveraged buyout prices low.
January 29, 2015
Plaintiffs in a long-running collusion case asked a Massachusetts federal judge Thursday to ignore objections from retail investors and to grant final approval to $590 million in settlements in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and several other private equity firms teamed up to keep leveraged buyout prices low prior to the financial crisis.
November 21, 2014
A Massachusetts federal judge on Friday vacated a set of electronic orders granting final approval to $590 million in settlements in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and several other private equity firms teamed up to keep leveraged buyout prices low, just hours after issuing a set of orders approving the settlement and a request for attorneys' fees.
November 21, 2014
A Massachusetts federal judge on Friday granted final approval to $590 million in settlements and a $200 million attorneys' fee in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and other private equity firms teamed up to keep leveraged buyout prices low, moving the long-running suit toward completion.
November 14, 2014
Investors in a long-running proposed class action accusing several top private equity funds of colluding to depress leveraged buyout prices urged a Massachusetts federal judge Thursday to give final approval to $590.5 million in settlements, saying it's an exceptional recovery in the hard-fought litigation.
November 10, 2014
A member of a proposed class alleging several top private equity funds colluded to depress leveraged buyout prices objected Monday to a tentative settlement, calling the agreement "cumbersome, time-consuming and expensive" enough to give sophisticated class members a leg up in the claims process.
November 04, 2014
The trustee for five funds that invested in the now-bankrupt Energy Future Holdings Inc.— one of dozens of companies at issue in a class action alleging private equity funds colluded to depress leveraged buyout prices — has objected to a request by the proposed class's attorneys for nearly $200 million in fees in Massachusetts federal court.