Goldman Sachs teams up with Bain Capital to defend dismissal of antitrust suit

 

Goldman Sachs Group Inc. (GS) and Bain Capital Partners are set to defend what they call legitimate private-equity practices against investor claims that buyout firms and their bankers colluded to rig bids on takeovers.

The defendants, who also include Blackstone Group (BX)Carlyle Group (CG), KKR & Co. (KKR), Apollo Global Management (APO) and JPMorgan Chase (JPM)g, are scheduled to argue today and tomorrow before U.S. District Judge Edward Harrington in Boston that a proposed antitrust lawsuit by shareholders in the acquired companies should be dismissed

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