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Goldman Sachs, Bain Pay $121 Million to End Buyout Suit

Goldman Sachs Group Inc. and Bain Capital Partners LLC agreed to pay a total of $121 million to settle claims they cheated investors by suppressing competition in some of the biggest deals of the leveraged buyout boom before the financial crisis.

Goldman Sachs will pay $67 million under the agreement to settle the antitrust lawsuit while Bain Capital will pay $54 million, according to the preliminary settlement filed yesterday in Boston federal court. The accord must be approved by U.S. District Judge William G. Young, who is set to preside over a trial beginning Nov. 3 against remaining defendants.