{"id":1496,"date":"2014-08-09T15:17:11","date_gmt":"2014-08-09T15:17:11","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/08\/private_equity_firms_including"},"modified":"2022-03-11T13:24:08","modified_gmt":"2022-03-11T19:24:08","slug":"private-equity-firms-including","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/private-equity-firms-including\/","title":{"rendered":"Private Equity Firms, Including Blackstone, Settle \u2018Club Deals\u2019 Case with $325M Settlement"},"content":{"rendered":"

\t\t\t\tBlackstone Group (BX) LP, TPG, and KKR (KKR) will collectively pay $325 million to resolve a securities case <\/a>accusing several private equity firms of working together to keep the prices they paid to acquire companies down during the takeover frenzy right before the financial crisis. The firms settled without denying or admitting to wrongdoing just three months before the lawsuit was scheduled to go to trial. <\/p>\n

Their settlements follow those reached with former case defendants Bain Capital LLC and Goldman Sachs Group Inc. (GC) (collectively, the two paid $121 million) and Silver Lake, which paid $29.5 million. Carlyle Group (CG) LP is the only defendant left. It maintains that the investors’ claims have no merit.<\/p>\n

The plaintiffs, who filed their securities case in 2007, sold their shares in numerous companies to private-equity firms during the boom-era buyouts. They contend that firms collude together to acquire companies via club deals and agreed not to compete with each other to lower the shareholders were paid. The investors claim that, as a result, they lost billions of dollars.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Blackstone Group (BX) LP, TPG, and KKR (KKR) will collectively pay $325 million to resolve a securities case accusing several private equity firms of working together to keep the prices they paid to acquire companies down during the takeover frenzy right before the financial crisis. The firms settled without denying or admitting to wrongdoing just […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3928],"tags":[],"class_list":["post-1496","post","type-post","status-publish","format-standard","hentry","category-private-equity"],"yoast_head":"\nPrivate Equity Firms, Including Blackstone, Settle \u2018Club Deals\u2019 Case with $325M Settlement — Investor Lawyers Blog — August 9, 2014<\/title>\n<meta name=\"description\" content=\"Blackstone Group (BX) LP, TPG, and KKR (KKR) will collectively pay $325 million to resolve a securities case accusing several private equity firms of — August 9, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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