Seeking Alpha

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 (479) | Send Message
    A slap on the wrists to them and a slap in the face to investors.
    7 Aug, 12:40 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (2410) | Send Message
    Hardly surprising. That kind of behavior has existed as long as humans have.
    7 Aug, 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, 01:05 PM Reply Like
  • muyuan51
    , contributor
    Comments (3) | 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, 01:41 PM Reply Like
  • BudH
    , contributor
    Comments (339) | Send Message
    More greedy lucre for the class action lawyers. imo
    7 Aug, 02:31 PM Reply Like
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