Blackstone Settles IPO Lawsuit For $85MVW Staff
The Blackstone Group L.P. (NYSE:BX) has settled a lawsuit brought against it by a group of investors for $85 million. The suit related to the company's misrepresentation of certain investments to the public in the lead up to its initial public offering in 2007. According to the New York Times, the legal settlement was filed in a Manhattan court on on Wednesday.
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