- Acumen Powered by Robins Kaplan LLP®
- Affirmative Recovery
- American Indian Law and Policy
- Antitrust and Trade Regulation
- Appellate Advocacy and Guidance
- Business Litigation
- Civil Rights and Police Misconduct
- Class Action Litigation
- Commercial/Project Finance and Real Estate
- Corporate Governance and Special Situations
- Corporate Restructuring and Bankruptcy
- Domestic and International Arbitration
- Health Care Litigation
- Insurance and Catastrophic Loss
- Intellectual Property and Technology Litigation
- Mass Tort Attorneys
- Medical Malpractice Attorneys
- Personal Injury Attorneys
- Telecommunications Litigation and Arbitration
- Wealth Planning, Administration, and Disputes
Acumen Powered by Robins Kaplan LLP®
Ediscovery, Applied Science and Economics, and Litigation Support Solutions
-
June 30, 2022Anne Lockner Elected Chair of The Fund For Legal Aid
-
June 30, 2022Ashton Batchelor Named Chief Value and Analytics Officer
-
June 23, 2022Robins Kaplan’s Antitrust Class Action Practice Recognized as Leader In The Field For Fourth Consecutive Year
-
July 14, 2022Summer Associate Webinar
-
July 18, 202240th Annual Public Justice Gala & Awards Presentation
-
July 21, 2022MAIBA Scholarship Golf Tournament
-
June 21, 2022Briefly: How To Oppose An Extension If You Really Need To
-
June 7, 2022Damned if You Do,
Damned if You Don’t -
June 7, 2022Take-Home COVID: The New Frontier?
-
July 1, 2022Markets Close Out Worst First-Half Performance in 50 Years
-
June 30, 2022Spirit Again Delays Shareholder Vote on Frontier Deal After JetBlue Sweetens Bid
-
June 29, 2022Despite Headwinds, Disney Reappoints Chapek as CEO Through 2025
Find additional firm contact information for press inquiries.
Find resources to help navigate legal and business complexities.
Goldman Sachs and Bain Capital Agree to $121 Million Settlements in LBO Antitrust Violations Case
June 11, 2014
MINNEAPOLIS--June 2014–Robins, Kaplan, Miller & Ciresi L.L.P. is pleased to announce that The Goldman Sachs Group and Bain Capital Partners have agreed to pay a total $121 million in settlement of the firm’s class of plaintiffs clients in Dahl v. Bain Capital Partners. Bain has agreed to a settlement for $54 million, and Goldman Sachs agreed to a $67 million settlement, as two of seven defendants in that case. Plaintiffs are former shareholders of certain public companies who sold their shares to the Defendant private equity firms in large leveraged buyouts ("LBOs") announced between 2003 and 2007.
In 2007, the defendants, all major U.S. private equity firms, were charged in the U.S. District Court, District of Massachusetts, with a market allocation and bid-rigging conspiracy that violates Section 1 of the Sherman Act, 15 U.S.C. § 1. The five other private equity firms include The Blackstone Group L.P., The Carlyle Group LLC, Kohlberg Kravis Roberts & Co., L.P., Silver Lake Technology Management L.L.C. and TPG Capital L.P. Plaintiffs sought damages as a result of the defendants’ alleged collusion to not bid against each other on deals to drive down the prices of many takeovers of publicly traded companies.
“We went toe-to-toe with the defendants over the past seven years and Bain and Goldman Sachs are the first defendants to agree to settlement terms. We look forward to a trial against the remaining defendants, currently scheduled for November,” said K. Craig Wildfang, co-lead counsel for plaintiffs and co-chair of the Antitrust & Trade Regulation practice at the firm.
Wildfang led class plaintiffs in another recent case and reached an historic $7.25 billion antitrust settlement in 2013 on behalf of a class of over eight million U.S. merchants who accept Visa and MasterCard credit cards. He is co-lead counsel in the Dahl case, along with firm partners Thomas Undlin and Stacey Slaughter. The law firms Scott + Scott and Robbins Geller Rudman & Dowd also acted as co-counsel for plaintiffs.
Additional stories:
![]() |
|
Related Professionals
Stacey Slaughter
Partner
Co-Chair, Antitrust and Trade Regulation Group
Deputy Chair, Business Litigation Group
Member of the Executive Board
Thomas J. Undlin
Partner
Related Publications
Related News
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.