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Results: 1-10 of 182

Court declines to dismiss antitrust claim alleging private equity firms allocated market for leveraged buyouts

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • December 18 2008

In a significant decision for private equity firms, hedge funds, and other participants in corporate acquisitions, a U.S. District Court on December 15 denied a motion to dismiss a class action complaint alleging a conspiracy among certain private equity firms to allocate the LBO market on a wide scale

Federal court dismisses antitrust suit alleging unlawful joint bidding arrangements among private equity firms

  • Fried Frank Harris Shriver & Jacobson LLP
  • -
  • USA
  • -
  • February 29 2008

A federal district court judge in the Western District of Washington recently dismissed an antitrust class action suit alleging that two private equity funds had unlawfully conspired in their bid to acquire WatchGuard Technologies (“WatchGuard”), a publicly traded company

District court dismisses antitrust class action complaint against private equity firms

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • February 26 2008

In the wake of the Department of Justice’s inquiry into alleged anticompetitive behavior among certain private equity firms, a handful of class actions have been filed alleging collusion among private equity firms

Federal court judge rules joint-bidding private equity funds did not violate antitrust laws

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 28 2008

In a case of first impression, a federal district court found that an agreement by two private equity funds to bid jointly for the acquisition of a publicly traded company, after initially submitting separate bids, did not violate federal antitrust laws

Federal court rules that combined bid by private equity funds is not illegal under the antitrust laws

  • Bryan Cave LLP
  • -
  • USA
  • -
  • February 28 2008

On February 21, 2008, the federal district court for the Western District of Washington found that the practice of combining bids for corporate control does not violate the Sherman Act

Federal district court allows joint bidding suit to proceed

  • Reed Smith LLP
  • -
  • USA
  • -
  • January 7 2009

On Dec. 15, 2008, a federal district court judge in Massachusetts denied the motion to dismiss filed by several private equity firms alleged to have engaged in joint-bidding for leveraged buyout (“LBO”) target companies

Joint bidding by private equity funds found permissible under antitrust laws

  • Squire Patton Boggs
  • -
  • USA
  • -
  • March 2 2008

In late February 2008 in litigation involving the acquisition of a public company that had put itself up for sale, a federal district court held that that no antitrust claim was stated where, out of all potential buyers solicited by the company, two private equity buyers who were the only bidders to make an actual offer to buy the company entered into a joint bid agreement to purchase the target

Joint bidding by private equity funds found not to violate the Sherman Act

  • Locke Lord LLP
  • -
  • USA
  • -
  • March 7 2008

On February 21, 2008, the Honorable Richard A. Jones of the U.S. District Court for the Western District of Washington ruled that price fixing among rival private equity funds in a contest for corporate control was not anticompetitive and did not violate the Sherman Act

Massachusetts District Court denies motion to dismiss antitrust claims related to “club deals” by private equity firms

  • Locke Lord LLP
  • -
  • USA
  • -
  • April 3 2009

The United States District Court for the District of Massachusetts has denied a motion to dismiss a class action claiming that certain private equity firms illegally colluded in the purchase of target companies in leveraged buyout transactions

Joint bidding by private equity funds found permissible under antitrust laws

  • Squire Patton Boggs
  • -
  • USA
  • -
  • March 3 2008

In late February 2008 in litigation involving the acquisition of a public company that had put itself up for sale, a federal district court held that that no antitrust claim was stated where, out of all potential buyers solicited by the company, two private equity buyers who were the only bidders to make an actual offer to buy the company entered into a joint bid agreement to purchase the target