Bain, KKR, Other PE Giants Can't Escape Collusion Suit

Law360, New York (July 18, 2013, 5:52 PM EDT) -- A Massachusetts federal judge on Thursday refused to dismiss eight private equity giants from a putative shareholder class action, saying there was evidence linking Bain Capital LLC, KKR & Co. LP and other firms to an alleged, overarching conspiracy to hold down the prices of companies they targeted for purchase.

U.S. District Judge Edward F. Harrington denied summary judgment motions filed by eight private equity firms — Bain, KKR, Goldman Sachs Group Inc., The Carlyle Group LP, TPG Capital LP, The Blackstone Group LP, Thomas H. Lee Partners LP and Silver Lake Partners — in a case brought against them by...

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