SOURCE: Holzer Holzer & Fistel, LLC

April 17, 2008 10:30 ET

Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Has Been Filed Against The Blackstone Group L.P. (NYSE: BX)

ATLANTA, GA--(Marketwire - April 17, 2008) - A shareholder class action lawsuit has been filed in the United States District Court for the Southern District of New York against The Blackstone Group L.P. ("Blackstone" or the "Company") (NYSE: BX) and certain of its officers and directors on behalf of purchasers of Blackstone common stock pursuant to and/or traceable to the Company's initial public offering ("IPO") on or about June 25, 2007.

The lawsuit alleges the Company violated the Securities Act of 1933 by failing to disclose certain information in its Registration Statement which was filed by the Company with the Securities and Exchange Commission in connection with its IPO.

Purchasers of Blackstone common stock pursuant to and/or traceable to the Company's IPO on or about June 25, 2007 with questions concerning their legal rights are invited to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.