Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Blackstone Group L.P.
Current Parent Company: Blackstone
Penalty: $108,333,333
Year: 2015
Date: March 2, 2015
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Blackstone Group, KKR and TPG Capital together agreed to pay $325 million to settle litigation alleging they colluded to keep leveraged buyout prices low. Court documents did not specify how much each would pay. Here we assume they each paid one-third of the total.
Level of Government: federal
Action Type: private litigation
Court: District of Massachusetts
Civil or Criminal Case: civil
Case ID: 1:07cv12388
Case Name: Klein et al v. Bain Capital Partners, LLC et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.