SOURCE: Brower Piven, A Professional Corporation

June 09, 2008 17:34 ET

Brower Piven Encourages Investors Who Have Losses in Excess of $200,000 From Investment in The Blackstone Group L.P. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the June 16, 2008 Lead Plaintiff Deadline

BALTIMORE, MD--(Marketwire - June 9, 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 units of The Blackstone Group L.P. ("Blackstone" or the "Company") (NYSE: BX) pursuant to the Company's initial public offering on or about June 25, 2007 through on or about March 12, 2008 (the "Class Period"). No class has yet been certified in this action.

Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than June 16, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in all important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. If you have a net loss in excess of $200,000 incurred from transactions in Blackstone common units during the Class Period and are interested in directing the course of this litigation for plaintiffs, please contact Brower Piven ( or 410/332-0030) to answer any questions you may have in that regard.

If you have suffered a net loss for all transactions in Blackstone common units during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at, by email at, by calling 410-332-0030, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.

Contact Information

    Charles J. Piven
    Brower Piven, A Professional Corporation
    Baltimore, Maryland
    Email Contact