February 04, 2014
KKR Financial Holdings LLC and several of its executives were slapped with a putative class action in California federal court Friday over the $2.6 billion sale of the company, or KFN, to KKR & Co. LLP, in which KFN allegedly used an unfair process to make the deal, harming stockholders. (Correction: An earlier story incorrectly reported which transaction this class action was related to. The error has been corrected.)