Case Study

Private Equity Antitrust Litigation

Private Equity Antitrust Litigation

The case settled after two summary judgment rulings that significantly reduced the scope of the allegations. Retained by Joint Defense Groups Representing Private Equity Firms Cornerstone Research worked with Professor Paul Gompers of the Harvard Business School and Professor Kenneth Elzinga of the University of Virginia in Dahl et al. v. Bain Capital Partners LLC et al. A purported class of shareholders of firms that had been taken private alleged that the defendants, a number of leading private equity firms, had conspired not to compete against each other in order to depress prices paid in leveraged buyouts of the firms. Professor Gompers showed the alleged conspiracy behaviors were consistent with the private equity firms acting in their own independent business interests, while Profess

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