Buyout titans dangled more than $200 million in front of
investors in hopes of settling a long-running bid-rigging suit before it goes
to trial, The NY Post has learned.
Former shareholders in companies acquired by the biggest
private-equity firms rejected the settlement offer last month, setting the
stage for a courtroom showdown, a source said. “There have been big numbers bandied about,” the source
added. “The offer was hundreds of millions.”
A federal judge is expected to rule soon on whether to
certify the case as a class action — a move that could significantly raise the
stakes and the potential damages, sources said.
The defendants include no less than the biggest-private equity firms,
including Apollo Global Management, Bain Capital, Blackstone, Carlyle and KKR….
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