The New York Post reports that three of the four remaining private-equity giants accused of conspiring to hold down deal prices are close to settling, leaving Carlyle as the lone defendant at a trial set for November 3, sources said.
'My expectation is there will be a trial', one source close to the situation said.
The buyout firms share joint responsibility in the suit brought by aggrieved shareholders in the acquired companies, which means Carlyle is liable for the full amount of damages in the case.
The suit claims seven buyout shops cheated shareholders out of billions by agreeing to steer clear of each other’s buyouts, thereby reducing competition.
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