Editor, Times-Union:
Goldman Sachs Group Inc. will pay $67 million and Bain Capital Partners LLC will pay $54 million to settle their portions of a lawsuit accusing several big private equity firms of conspiring not to outbid each other in takeovers.
The preliminary settlement with former shareholders of companies acquired in leveraged buyouts from 2003 to 2007 was disclosed in papers filed on Wednesday in Boston federal court, and requires approval by U.S. District Judge William Young.
Gee Zimmer employees. Is your stomach beginning to feel queasy?
Tom Metzger
Warsaw, via-email