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Shareholders' Action Alleging Conspiracy Against Private Equity Firms Continues

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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)

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