Carlyle Group LP agreed to pay $115 million to settle a U.S. lawsuit accusing it of conspiring with rival private equity firms not to outbid each other on takeovers prior to the financial crisis. The settlement was disclosed in a Friday evening filing with the U.S. District Court in Boston. Carlyle, led by David Rubenstein, became the seventh and last private equity firm to settle the nearly seven-year-old case, with settlements totaling $590.5 million. Others that previously settled include Bain Capital Partners LLC, Blackstone Group LP, a Goldman Sachs Group Inc affiliate, KKR & Co, Silver Lake Partners LP and TPG Capital LP. The settlements require approval by U.S. District Judge William Young in Boston. A hearing to consider preliminary approval is scheduled for Sept. 29. Attorneys' fees have yet to be determined. Carlyle's settlement had been reached last month, a person familiar with the matter said at the time. Like other defendants, it did not admit wrongdoing. The
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