$590M LBO Settlement Filed In Error, Judge Says

Law360, New York (November 21, 2014, 5:35 PM EST) -- 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.

U.S. District Judge William G. Young vacated the set of orders "as they were entered in error by the docket clerk," giving no further explanation for the decision.

That leaves open a set of motions filed in mid-November...

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