Goldman Sachs Group Inc. and Vista Equity Partners have agreed to settle a closely watched lawsuit brought by investors in a software company that went private in a roughly $4 billion buyout two years ago. The firms will pay about $30 million to former investors in Tibco Software Inc., whose sale to Vista was marred by a share-count error that lowered the price and deprived shareholders of $100 million, according to people familiar with the matter. ...
Goldman Sachs and Vista Equity Partners are to pay about $30m to settle a lawsuit brought by investors in software company Tibco Software, that went private in a $4bn buyout two years ago. The sale had been marred by a share-count error that lowered the price and deprived shareholders of $100m. In another case, an investment fund run by billionaire investor Carl Icahn has agreed to pay $200m (£150m) for shares it bought from the bankrupt mortgage lender IndyMac.