Blackstone IPO Case Could Yield More PE Disclosures

Law360, New York (October 4, 2011, 8:01 PM EDT) -- The U.S. Supreme Court's refusal to hear The Blackstone Group LP's challenge to a shareholder lawsuit alleging material omissions in the run-up to its $4.5 billion initial public offering could lead to enhanced disclosures when private equity firms go public in the future.

On Monday, the nation's highest court dealt a potential blow to Blackstone when it denied a request to take up the New York-based private equity giant's challenge to investor Martin Litwin's claims that it should have disclosed more information about troubles at business units...
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