Collusion course

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A judge found enough evidence of a possible bid-rigging among PE moguls, including, Steve Schwarzman (Blackstone), Leon Black (above) (Apollo), Henry Kravis (KKR) and David Rubinstein (Carlyle), to allowmost of the case to proceed.

An explosive lawsuit accusing the country’s biggest private-equity firms of conspiring to drive down prices on deals is moving forward after surviving its biggest legal challenge yet. A federal judge in Boston denied a motion to dismiss the antitrust case — which accuses 10 buyout firms of costing shareholders billions… …read more

Source: NY Post

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