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U.S.: Judge stresses need for conspiracy evidence in bid-rigging suit against private-equity firms

 |  December 19, 2012

According to reports, the Boston judge hearing a suit brought on by shareholders against private-equity firms – including Bain Capital and Blackstone Group – has warned lawyers of the plaintiffs that they most show enough evidence to have a strong case. The shareholders are attempting to prove that the firms rigged bids to lower prices on corporate takeover deals. Among those takeover cases includes deals involving Toys ‘R’ Us and Neiman Marcus. Judge Edward Harrington emphasized that the shareholders must show more than the firms simply “working together,” saying they must prove there was a conspiracy.

Full Content: New York Post

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