A federal judge dismissed an investor lawsuit against Carlyle for fraud regarding Carlyle Capital Corporation. Puffery wins again. A D.C. court ruled for a D.C. PEU.
Also, Carlyle let go a senior PEU and plans to refocus its distressed debt fund.
It plans to focus more narrowly on "control investing" in which the fund buys stakes that lead to control of struggling companies.Think Brintons or Mrs. Fields Back-door takeovers happen in difficult times.