Investors To Appeal Blackstone IPO Suit Dismissal

Law360, New York (October 26, 2009, 4:40 PM EDT) -- Investors alleging The Blackstone Group's withholding of information from them led to steep losses after its more than $4.5 billion public offering in 2007 have filed a notice of appeal of a federal judge’s dismissal of the case.

According to the Friday filing in the U.S. District Court for the Southern District of New York, the plaintiffs plan to appeal Judge Harold Baer Jr.’s Sept. 22 dismissal of the case to the U.S. Court of Appeals for the Second Circuit.

In his dismissal order, Judge Baer...
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