Daily Archives: March 28, 2014, 2:25 pm

Shareholders claim private equity firms colluded — New York Post

Former shareholders seeking billions from the most powerful private equity firms in a bombshell collusion case are expected to seek class-action status on Friday, The Post has learned…. KKR, Bain Capital, Silver Lake Partners, Blackstone Group, Carlyle Group, TPG Capital and Goldman Sachs agreed from 2004 to 2008 not to jump one another’s signed deals, allowing the firms to underpay…

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If You Invested Less Than $925,000 With Bernard Madoff, You’re Now Even — Ponzitracker

The proposed distribution will mark the fourth year in a row that Picard has made a distribution to victims, bringing the total payout thus far to nearly $6 billion including the proposed distribution. With the fourth distribution, Picard announced that Madoff victims will now have received approximately 46% of their allowed loss. Combined with the fact that many victims also…

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Judge recommends dismissal of US suit against BofA — Reuters

A U.S. magistrate judge recommended dismissal of a lawsuit against over $850 million in mortgage debt, according to a court filing. A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America of defrauding investors into buying about $855 million of mortgage securities that soured during the global financial crisis. via Judge recommends dismissal of US…

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