Blackstone, KKR, TPG in talks to settle lawsuit

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

The buyout collusion lawsuit continues, as Blackstone (NYSE:BX), KKR (NYSE:KKR) and TPG Capital now enter talks to settle the LBO court case filed against them and eight other PE firms for conspiring not to jump each others bids after buyouts were announced. The trial is scheduled for November 3.

Previously, Lake Partners, Bain Capital and Goldman Sachs' private equity arm all agreed to multi-million dollar settlements after being charged of colluding in deals prior to the financial crisis.