Business Law

News & Events

Department News

Economists Use Auction Theory to Show Private Equity Firms Rigged the Bidding in Leveraged Buyouts at Expense of Shareholders

April 3, 2019

Melanie Williams

Professor Melanie Stallings Williams co-authored an article, “Masters of the Universe: Bid Rigging By Private Equity Firms in Multibillion Dollar LBOs,” for the University of Cincinnati Law Review that throws the spotlight on a rare class-action lawsuit in which the plaintiffs – shareholders in companies purchased – demonstrated that some of the world’s largest private equity firms unlawfully colluded to ensure that they held down prices on the companies they were bidding to buy.

“I don’t think people realize that when this happens, it’s our money, yours and mine, that’s involved,” Williams said. “Yes, some of the shareholders are monied people, but some of the shareholders are retirement funds and the type of mutual funds that your grandmother owns. These aren’t just rich people they are taking advantage of. It’s you, me and the people we care about.” Read more

Finance, Insurance & Real Estate Alumni Chapter Mentoring Event

October 25, 2018

graduates

Wednesday, November 7, 2018, 6:00 - 8:30 p.m., Ferman Presentation Room, Oviatt Library

Successful Matadors are coming to campus to share their knowledge and give you guidance. Event is free and dinner will be served. 

RSVP www.csun.edu/alumni/events/2018firementoring. For more information or if you'd like to be a mentor, 818-677-CSUN; Read more

Pages

Subscribe to Latest News
 
 
S M T W T F S
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
10
 
11
 
12
 
13
 
14
 
15
 
16
 
17
 
18
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31