Judge Urged To Dismiss Bid-Rigging Case

The world’s biggest private equity firms, including The Blackstone Group and Kohlberg Kravis Roberts & Co., told a judge on Tuesday, Dec. 18 they competed fairly and feverishly for multibillion-dollar takeovers even though some investors of the acquired businesses argue that they colluded to drive down prices and split up deals, according to sister news service Reuters.

In what may become a landmark case for the private equity industry, the 11 defendants, including other top tier firms Carlyle Group, Goldman Sachs and TPG Capital, argued in federal court in Boston that the plaintiffs have shown no evidence ...

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