Goldman, Bain seek dismissal of bid-rigging lawsuit, Bloomberg reports

theflyonthewall.com

Goldman Sachs (GS) and Bain Capital are set to defend before U.S. District Judge Edward Harrington in Boston what they call legitimate private-equity practices against investor claims that buyout firms and their bankers colluded to rig bids on takeovers, reports Bloomberg. The defendants also include Blackstone Group LP (BX), Carlyle Group (CG), KKR (KKR), Apollo Global Management LLC (APO) and JPMorgan Chase & Co. (JPM).

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