{"id":5438,"date":"2013-03-09T00:00:00","date_gmt":"2013-03-09T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/03\/plaintiffs_can_pursue_narrowed"},"modified":"2022-05-02T15:32:18","modified_gmt":"2022-05-02T20:32:18","slug":"plaintiffs-can-pursue-narrowed","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/plaintiffs-can-pursue-narrowed\/","title":{"rendered":"Plaintiffs Can Pursue Narrowed Claims Against Private Equity Firms"},"content":{"rendered":"<p>According to the U.S. District Court for the District of Massachusetts, plaintiffs should be able to pursue narrowed claims against large private equity firms accused of colluding to keep competition away. In <em>Dahl v. Bain Capital Partners LLC<\/em>, Judge Edward Harrington noted that although the bulk of the <a href=\"https:\/\/www.securities-fraud-attorneys.com\">securities lawsuit<\/a> focused on PE firm\u2019s routine business practices, there was evidence that showed an inference of conspiracy in regards of some of the claims. <\/p>\n<p>Also, Harrington refused to grant an \u201comnibus\u201d motion for summary judgment requested by several of the defendants, including Bain Capital Partners LLC, Carlyle Group LLC, and Kohlberg Kravis Roberts &amp; Co. LP. <a href=\"https:\/\/www.investorlawyers.com\/jp-morgan-chase-background-information.html\">JPMorgan Chase and Co.&#8217;s (JPM)<\/a> own motion for summary judgment, however, was granted, on the grounds that evidence did not support that the financial firm had taken part in the alleged \u201cnarrowed overarching conspiracy.\u201d <\/p>\n<p>The plaintiffs previously owned shares in different public companies that private equity firms later acquired. They contend that between 2003 and 2007, the defendants were involved in an \u201coverarching\u201d conspiracy to artificially manipulate securities prices in specific transactions. The plaintiffs believe that the private equity firms knew that by working together they could keep the competition down and prevent prices from going up. <\/p>\n<p>Harrington, however, decided to narrow the plaintiffs\u2019 claims, finding that a lot of the lawsuit had to do with practices in the industry that were considered \u201cappropriate\u201d and \u201cestablished.\u201d He noted that rather than depicting a portrait of an \u201coverreaching conspiracy,\u201d the evidence of transaction appears to demonstrate interactions among defendants that were \u201cever-rotating and overlapping.\u201d <\/p>\n<p><a href=\"https:\/\/law.justia.com\/cases\/federal\/district-courts\/massachusetts\/madce\/1:2007cv12388\/113361\/616\">Dahl v. Bain Capital Partners LLC <\/a><a href=\"https:\/\/www.securities-fraud-attorneys.com\">https:\/\/www.securities-fraud-attorneys.com<\/a>(PDF)<\/p>\n<p>\n<strong>More Blog Posts: <\/strong><br \/>\n<a href=\"https:\/\/www.investorlawyers.com\/blog\/investment-fraud-lawsuit-again\/\">Investment Fraud Lawsuit Against BlackRock Over Exchange-Traded Funds Could Shed More Light on Securities Lending<\/a>, Institutional Investor Securities Blog, February 18, 2013<\/p>\n<p><a href=\"https:\/\/www.investorlawyers.com\/blog\/2013\/02\/texas_courts_show_preference_f\">Texas Courts Show Preference for Arbitration to Resolve Securities Fraud Claims and Other Business Disputes<\/a>, Stockbroker Fraud Blog, February 15, 2013<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/plaintiffs-can-pursue-narrowed\/#more-5438\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the U.S. District Court for the District of Massachusetts, plaintiffs should be able to pursue narrowed claims against large private equity firms accused of colluding to keep competition away. In Dahl v. Bain Capital Partners LLC, Judge Edward Harrington noted that although the bulk of the securities lawsuit focused on PE firm\u2019s routine [&hellip;]<\/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-5438","post","type-post","status-publish","format-standard","hentry","category-private-equity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Plaintiffs Can Pursue Narrowed Claims Against Private Equity Firms &#8212; Investor Lawyers Blog &#8212; March 9, 2013<\/title>\n<meta name=\"description\" content=\"According to the U.S. District Court for the District of Massachusetts, plaintiffs should be able to pursue narrowed claims against large private equity &#8212; March 9, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/plaintiffs-can-pursue-narrowed\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Plaintiffs Can Pursue Narrowed Claims Against Private Equity Firms &#8212; 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