2nd Circ. Revives Suit Over $4.5B Blackstone IPO
The U.S. Court of Appeals for the Second Circuit reversed the lower court's decision to dismiss the suit, saying Blackstone had a duty to disclose information related to troubled investments in FGIC Corp., Freescale Semiconductor Inc. and certain real estate assets.
The case was remanded to the U.S. District Court for...
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