Reuters: Business News: Blackstone to pay $85 million to settle lawsuit over IPO

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Blackstone to pay $85 million to settle lawsuit over IPO Aug 29th 2013, 00:48 NEW YORK (Reuters) - Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments before its $4.7 billion initial public offering in 2007.

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