HCA Shareholders File Bid-Rigging Lawsuit

Former shareholders of Nashville-based HCA have filed a federal lawsuit against Bain Capital, Goldman Sachs, the Blackstone Group, and other big, private equity firms for bid-rigging, the Tennessean reports. The lawsuit alleges the firms conspired to lower prices in leveraged buyouts by blocking rival bidders. Attorneys for the private firms in question deny any wrongdoing.