Flashback to October:
A group of shareholders, including Detroit’s police and fire pension fund, are suing Blackstone, Kohlberg Kravis Roberts (KKR), and Bain Capital Partners for allegedly agreeing not to compete, serving as possible evidence that the firms rigged bids in about 19 leveraged buyouts and eight other transactions, according to federal court documents.
The original complaint listed seven buyouts in which collusion allegedly occurred: Freescale, HCA, Aramark, Neiman Marcus, PanAmSat Corp., SunGard Data Systems Inc. and Kinder Morgan.
See that bit about Kinder Morgan involving Blackstone?
Here’s to betting Jack Conway (and KRS) will not be joining that lawsuit.