Home / Business and Economy / KKR Pays $250M for Hiding Merger Deal Docs
KKR Pays $250M for Hiding Merger Deal Docs
27 Aug
Summary
- KKR & Co. will pay $250 million to settle a lawsuit.
- The Justice Department accused KKR of withholding merger documents.
- This penalty is the largest ever for filing violations.
Private equity firm KKR & Co. has agreed to pay $250 million to resolve a civil antitrust case. The lawsuit was filed by the US Justice Department.
Investigators alleged that KKR intentionally withheld documents from government-mandated merger reviews. This occurred on more than a dozen separate deals.
The record-breaking $250 million penalty represents the largest-ever fine for filing violations of this nature. The settlement aims to conclude the government's investigation into KKR's alleged obstruction of antitrust reviews.
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