WASHINGTON A federal judge has dismissed a securities fraud lawsuit against an investment arm of The Carlyle Group L.P., ruling that the plaintiffs may have had concerns about how the company was being run but failed to prove fraud.
Former shareholders of Carlyle Capital Corp. Ltd. accused company officers of failing to disclose financial problems in advance of its initial public offering in 2007, and of concealing the company’s worsening condition before it collapsed the following year.
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