P-E giants reportedly settle collusion lawsuit

Blackstone (NYSE:BX), KKR, and TPG Capital have reportedly agreed to pay $325M to make go away a lawsuit accusing them of conspiring not to outbid each other on buyouts. None will admit wrongdoing as part of the settlement.

The case was brought by investors who sold shares in 27 companies to a number of P-E firms. Goldman, Bain Capital, and Silver Lake all previously settled.

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Comments (5)
  • rambler1
    , contributor
    Comments (1024) | Send Message
    A slap on the wrists to them and a slap in the face to investors.
    7 Aug 2014, 12:40 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (4388) | Send Message
    Hardly surprising. That kind of behavior has existed as long as humans have.
    7 Aug 2014, 12:41 PM Reply Like
  • KmandrB
    , contributor
    Comment (1) | Send Message
    So, ... will any of the settlement money be distributed to investors who's original purchases were converted at a lower market value and who lost overall share acquisitions such as KFN that were assimilated into KKR, to say nothing about monatary losses incurred since the illegal conspiracy?
    7 Aug 2014, 01:05 PM Reply Like
  • muyuan51
    , contributor
    Comments (5) | Send Message
    Some little bell is ringing : TPG - BX - KKR ....
    Bears any resemblance to the WAMU saga, ooops wanted to say WMI HoldingsCorp or sounds somehow familiar ??? ... same procedure as every year, Ms.Sophie ?????
    7 Aug 2014, 01:41 PM Reply Like
  • BudH
    , contributor
    Comments (707) | Send Message
    More greedy lucre for the class action lawyers. imo
    7 Aug 2014, 02:31 PM Reply Like
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