Seeking Alpha

P-E firms may pay more than $1B in collusion case

  • Sources say "the time has passed" that plaintiffs would have settled for $1B
  • The suit alleges private-equity firms, including KKR (KKR), Bain Capital, Silver Lake Partners, Blackstone Group (BX), Carlyle Group (CG), TPG Capital, and Goldman Sachs Capital Partners (GS) agreed from 2004 through 2008 not to jump each others' signed deals.
  • The PE firms have tried 10 times since the 2007 case was filed to get it tossed. Settlement talks could begin in earnest in coming months after a Nov. 3, 2014, trial date was set during a court hearing last week, sources say.
  • The value of the eight buyouts in question is $170B
Comments (2)
  • Now they need HIPAA like rules about sharing trade and client info and restrictions on trading faster than clients are able to. HFT needs to be barred and have all trades aggregated on at least a 1 second basis although 1 minute would be fairer.
    26 Dec 2013, 02:26 PM Reply Like
  • The fine should be in the Billions
    27 Dec 2013, 01:22 AM Reply Like
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