NEW YORK — A hold-out defendant has agreed to proposed settlement in a seven-year-old class action alleging that top private-equity firms schemed to drive down the value of leveraged buyout deals.
Carlyle Group L.P. reached a $115 million deal to exit the case, two months before a jury was scheduled to hear the plaintiffs’ claims. The proposed settlement follows similar deals with Bain Capital Partners LLC, Blackstone Group L.P., Goldman Sachs Group Inc. and other investment firms. JPMorgan Chase & Co., Apollo Global Management, Providence Equity Partners and Thomas H. Lee Partners L.P. won dismissal from the case last year.
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