Carlyle has apparently backed off including a controversial arbitration provision as part of its IPO that
would have prevented unitholder class actions. According to Bloomberg:
"After consultations with the SEC, Carlyle investors and
other interested parties, we have decided to withdraw the proposed arbitration
provision," Christopher Ullman, a Carlyle spokesman, said today in an e-mailed
statement. "We first offered the provision because we believed that arbitrating
claims would be more efficient, cost effective and beneficial to our unitholders."
Steven Davidoff didn't think the SEC would ever let Carlyle
go public with the arbitration provision intact. Looks like he was
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