$590.5 MILLION SETTLEMENT IN PRIVATE EQUITY ANTITRUST CASE

Working with several law firms nationwide, Ty Hudson and other Wagstaff & Cartmell attorneys played a pivotal role in securing a $590 million combined class action settlement, contingent on federal court approval, of antitrust claims against seven private equity firms, including Bain Capital, Blackstone Group, Carlyle Group, Goldman Sachs, K.K.R., Silver Lake, and TPG.

The plaintiffs – former shareholders of companies acquired by the private equity firms – argued that the defendants illegally colluded to lower prices of certain corporate acquisitions.

Ty was one of several attorneys who presented oral arguments for plaintiffs during two days of summary judgment hearings in Boston in the U.S. District of Massachusetts, which produced favorable rulings for the plaintiffs and led to the settlement negotiations.

Being prepared for the courtroom, even if the case never gets there, is just one of the reasons why Wagstaff & Cartmell excels and gets results.