- Affirmative Recovery
- American Indian Law and Policy
- Antitrust and Trade Regulation
- Appellate Advocacy and Guidance
- Business Litigation
- Childhood Sexual Abuse Litigation
- Class Action Litigation
- Commercial/Project Finance and Real Estate
- Corporate Governance and Special Situations
- Domestic and International Arbitration
- Ediscovery
- Health Care Litigation
- Insurance and Catastrophic Loss
- Intellectual Property and Technology Litigation
- Mass Tort Attorneys
- Medical Malpractice Attorneys
- Personal Injury Attorneys
- Restructuring and Business Bankruptcy
- Wealth Planning, Administration, and Disputes
- Litigation Support Services
-
December 4, 2019State of Minnesota Sues JUUL
-
November 26, 2019Minnesota Lawyer Honors Two Robins Kaplan Attorneys as 2019 Attorneys of the Year
-
November 21, 2019Firm, Attorney Stacey Slaughter Recognized by National Law Journal
-
December 12, 2019Collective Liberty Holiday Party
-
December 13, 2019LGBTQ Legal Services: Transgender Name Change Clinic
-
December 13, 2019Bridgeport 2019 Wage & Hour Litigation & Management Conference
-
November 2019CLASS ACTION: Experts weigh in on significant class action developments
-
November 15, 20192019 Case Developments: Are Massachusetts Insurers Required To Be Perfect In An Imperfect World?
-
November 15, 2019Artificial Intelligence v. General Data Protection Regulation: Complex Risks in Changing Times
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
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.