*February 2002 - The State of Connecticut sues Forstmann Little to recover $125m lost in deals where the group bought minority stakes in telecoms companies at the height of the technology bubble. A jury finds against the group but does not award Connecticut any of the damages it sought.
*January 2005 - Japan says it will introduce a new "Shinsei" tax on profits of foreign buy-out groups in a move seen as a punitive step following the four-fold plus return reaped by Ripplewood from the flotation of Shinsei, a business resurrected from the ashes of Long Term Credit Bank.
