Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.The settlement was disclosed in a filing late Thursday in federal court in Boston.It came one month after Goldman Sachs Group Inc and Bain Capital Partners LLC agreed to pay $67 million and $54 million respectively to settle their portions of the litigation.Blackstone Group LP, Carlyle Group LP, KKR & Co and TPG Capital Management LP remain defendants. They have said the case lacks merit. A trial is scheduled for Nov. 3.
Shares of CG traded higher by 0.24% or $0.08/share to $32.93. In the past year, the shares have traded as low as $24.66 and as high as $39.38. On average, 554808 shares of CG exchange hands on a given day and today's volume is recorded at 107504.
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.98% or $1.6/share to $165.02. In the past year, the shares have traded as low as $151.33 and as high as $181.13. On average, 2602480 shares of GS exchange hands on a given day and today's volume is recorded at 1273538.
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