NYT: Bain Capital among defendants in private-equity collusion lawsuit

[Newsjock]

http://dealbook.nytimes.com/2012/10/10/e-mails-back-lawsuits-claim-that-equity-firms-colluded-on-big-deals

... The e-mails are part of a court filing Wednesday in an antitrust civil lawsuit brought against 11 of the world’s largest private equity firms that accuses them of colluding to drive down the prices of more than two dozen takeovers of publicly traded companies. Plaintiffs in the case, which was filed in Federal District Court in Boston in 2007, are former shareholders of the acquired businesses.

... The evidence in the case comes as the private equity firms and their business practices remain a focus of the presidential race. The Republican presidential nominee Mitt Romney founded Bain Capital, which is a defendant in the lawsuit. Mr. Romney has made his Bain tenure a cornerstone of his campaign to demonstrate his leadership and private sector experience. At the same time, President Obama has used Bain to attack Mr. Romney, accusing the firm of firing employees at its acquired companies and sending jobs overseas.

While top executives at Bain Capital are mentioned in some of the more revealing e-mail exchanges, Mr. Romney does not appear in the newly unsealed documents.

... But the shareholders’ lawyers in the case said that the allegations of collusion reflected on Mr. Romney because he reaped millions of dollars from profits that may have been illegally inflated by underpriced acquisitions.

[Angry Dragon]

1. Willard is still tied up in it

Willard invested in his son Tagg's business ($10 million)
This business has financial relationships with Bain
So Willard is still making money off of Bain

Such a huge web of financial dealings Willard has done during his life and he has hid much more

[Wellstone ruled]

2. Bye Bye Willard,

was following this case this a.m. on the Bloomberg . Talk about story taken down in a hurry. Wow. Now you are seeing why the big push from Wall Street for Willard. Loved to be the fly on the wall at Coving&Burling when this case leaked to the Times. These allegations were really flying in the early part of Hank Paulson and Greenbergs reign. What part of collusion doesn't the public understand. This story appeared on another web site last month. Backed up by the BBC. There are a lot more moving parts yet to come. The dollar amounts are closer to a Trillion or more. Willard,where did your money go? And,by the way,where are your Tax Fillings. Hide and Seek.