Friday, 28 November 2014
Last updated 6 hours ago
Jun 12 2014 | 10:55am ET
Bain Capital Partners and Goldman Sachs will pay more than $100 million to settle allegations that they and other big private-equity companies colluded to keep takeover prices down.
The settlement, which leaves just five of the original 11 p.e. firms still facing the lawsuit, was disclosed yesterday in court papers. The class-action lawsuit brought by shareholders of companies bought out by p.e. firms over the past decade, alleging that the firms agreed not to bid on eight companies sought by competitors, is set to go to trial on Nov. 3.
Bain will pay $54 million and Goldman $67 million. Their deals could bring the remaining respondents, Blackstone Group, Carlyle Group, Kohlberg Kravis Roberts, Silver Lake Partners and TPG Capital, to the negotiating table.
“It is harder to settle multi-defendant lawsuits in one fell swoop, and this may portend breaking the logjam,” Christopher Burke, a lawyer for the plaintiffs, told Reuters.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...