CE Directors Professor Simon J. Wilkie and Dr. Michael A. Williams assisted Plaintiffs in the class action suit of Kirk Dahl, et al. v. Bain Capital Partners, LLC, et al.  In a complaint filed in 2007, Plaintiffs alleged that Defendants violated U.S. federal antitrust laws by participating in an illegal conspiracy to limit competition among themselves and their co-conspirators with the goal of reducing the sale prices of publicly traded target companies sold pursuant to LBOs.

 

Defendants have agreed to pay a total of $590.5 million, which is the aggregate of multiple separate settlement amounts.  A final approval hearing is scheduled to be held on February 11, 2015.

 

Plaintiffs were represented by Robins Kaplan Miller & Ciresi; Scott + Scott; Robbins Geller Rudman & Dowd; and Reinhardt Wendorf & Blanchfield.