Judge questions evidence in PE price-rigging suit, NY Post reports

theflyonthewall.com

A federal judge yesterday questioned whether shareholders accusing private-equity firms including KKR (KKR), Blackstone (BX) and Bain Capital, of bid-rigging had enough evidence to proceed with most of their lawsuit, the New York Post reports. Judge Edward Harrington told lawyers for the investors that they have to show there was a conspiracy to drive down prices on dozens of corporate takeovers, including Toys "R" US, Michaels Stores and Univision.

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