SOURCE: Brower Piven, A Professional Corporation

April 18, 2008 21:10 ET

Brower Piven Announces the Filing of a Class Action Lawsuit Against The Blackstone Group L.P.

BALTIMORE, MD--(Marketwire - April 18, 2008) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of The Blackstone Group L.P. ("Blackstone" or the "Company") (NYSE: BX) pursuant and/or traceable to the Company's initial public offering on or about June 25, 2007 (the "Class Period").

Blackstone, together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. The complaint charges Blackstone and certain of its officers and directors with violations of the Securities Act of 1933.

No class has yet been certified in the above action. If you are a member of the proposed Class, you may, no later than June 16, 2008, ask the Court to allow you to serve as lead plaintiff for the proposed Class. To serve as a lead plaintiff, you must satisfy certain legal requirements. In making your decision, you should take into account that those with large financial losses resulting from the alleged federal securities law violations are given preference in being appointed lead plaintiff.

If you purchased or otherwise acquired Blackstone securities pursuant or traceable to the Company's initial public offering on or about June 25, 2007, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven (without obligation or cost to you) at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience in securities and class action litigation of over 40 years. If you choose to retain counsel, you may retain Brower Piven, or you may retain other counsel of your choice.

Contact Information

  • CONTACT:
    Brower Piven, A Professional Corporation
    Baltimore, Maryland
    Charles J. Piven
    410/986-0036
    Email Contact