Blackstone Again Dodges Junk Insurance Suit, For Now

Law360, Los Angeles (June 6, 2012, 10:25 PM EDT) -- A California judge Wednesday for the second time threw out government claims that Blackstone Group LP violated unfair competition and false advertising laws by orchestrating a fraudulent scheme by HealthMarkets Inc. to sell junk insurance to Golden State consumers.

Los Angeles Superior Court Judge Anthony J. Mohr told the asset management firm’s attorney Chet Kronenberg Wednesday that government lawyers would have one last chance to state viable claims against Blackstone, saying he would lift a partial discovery stay to allow deposition of a top Blackstone executive...
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