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Shareholders' Action Alleging Conspiracy Against Private Equity Firms Continues

BOSTON - Shareholders who allege that several private equity firms fixed the prices paid for companies undergoing leveraged buyouts (LBOs) alleged sufficient evidence to create a genuine issue as to the existence of an "overarching conspiracy" to refrain from "jumping" each other's proprietary deals, a federal judge in Massachusetts ruled March 13, denying the defendants' omnibus motion for summary judgment (Kirk Dahl, et al. v. Bain Capital Partners LLC, et al., No. 07...(read more)Image may be NSFW.
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