Explore the issues
Find more information on the issues deeply affected by private equity investments:
Following lead of Toys ‘R’ Us workers, Sears employees ask for protections, severance from the financial firms driving Sears’ bankruptcy reorganization
Last week, dozens of Sears and Kmart employees sent a letter to the hedge funds and other creditors that control Sears and are driving the retailer’s bankruptcy reorganization. Following the lead of Toys ‘R’ Us workers, who recently won…
Endeavour Capital-funded effort to overturn California bail reform law submits signatures, could delay implementation of law until November 2020
Private equity firm Endeavour Capital recently drew media attention after an affiliate, Triton Management Services LLC, contributed nearly $800,000 to an effort to overturn California’s recent landmark legislation to reform the state’s bail system. Triton, which is majority-owned by…
Toys ‘R’ Us employees announce $20 million hardship fund with private equity firms KKR and Bain Capital, call on Toys ‘R’ Us creditors to contribute
When Toys ‘R’ Us shut down earlier this year, 33,000 workers lost their jobs. Now, two of the company’s former owners and creditors, KKR and Bain Capital, have contributed $20 million to a fund to support laid off Toys…
Washington Post: Private-equity money backs an effort to overturn California law intended to help the poor
In late August, the state of California passed a sweeping reform bill ending for-profit bail. “Today, California reforms its bail system so that rich and poor alike are treated fairly,” California Governor Jerry Brown said as the legislation was enacted.
New York Times on pension funds challenging the human cost of private equity investments
In October, the New York Times highlighted the efforts of fired Toys “R” Us workers to win a hardship fund from the financial firms that took Toys “R” Us into bankruptcy and liquidation as part of a broader story on…
US Senators Booker, Brown send letter to Endeavour Capital regarding Aladdin Bail Bonds investment
Private equity firm Endeavour Capital owns Aladdin Bail Bonds, the largest for-profit bail company in the US, and Seaview Insurance, an affiliated insurance company. On August 6, US Senators Cory Booker (D-NJ) and Sherrod Brown (D-OH), sent a…
