Goldman Sachs Group Inc. and Bain Capital Partners LLC have partnered up to defend themselves, along with several others, in front of U.S. District Judge Edward Harrington in Boston this week against charges of bid-rigging. The two defendants are joined by Blackstone Group LP, Carlyle Group, KKI & Co., Apollo Global Management LLC and JPMorgan Chase & Co in a suit alleging the firms and their bankers rigged bids for takeover contracts. The defendants claim their practices were legitimate. The lawsuit was initiated by shareholders in 2007 and 2009 and claims the firms conspired, among other charges, to “restrict the supply of private-equity financing” and “fix transaction prices.”
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI