Blackstone Securities Litigation

On 29 August 2013, The New York Times reported that parties in the Blackstone securities litigation (Landmen Partners, Inc. vs. The Blackstone group L.P, et al.) agreed to a settlement. Plaintiffs had alleged that Blackstone had failed to disclose adverse trends and material risks in Blackstone’s IPO filing back in June 2007. The court relied on Dr. Steven Feinstein’s analysis of unit price drops in approving the settlement.

Additional information about this case is available here.