• 16 Apr 2008 at 2:30 PM

Only A Matter Of Time

By Equity Private

It had to happen eventually, I suppose.
Annoyed with the lack of transparency exhibited by Blackstone (because how could anyone know that place wasn’t a fishbowl of transparency?) an investor in the firm has decided to sue. Color us surprised. There is no way we could have guessed that this was on the horizon.


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Investor Sues Blackstone for Lack of Transparency [CNBC]

Comments (7)

  1. 1
    Posted by guest | April 16, 2008 at 2:51 PM

    The prospectus was clear but wordy. I could easily sum it up succinctly; “I’m Steve Schwartman and I’ll do whatever the fuck I want with your money.”

  2. 2
    Posted by onetwo | April 16, 2008 at 5:37 PM

    Best short of my life, ep. 5 days after the ipo.

  3. 3
    Posted by guest | April 16, 2008 at 6:10 PM

    fucking “smart money” shitheads. take that you fuckers.

  4. 4
    Posted by guest | April 16, 2008 at 6:18 PM

    Didn’t even need to read the prospectus to figure that that was what it was going to say. Did anyone think that Blackstone was going to give up any control to some common stock holders?
    Hell, was there anyone who didn’t think that their IPO represented the peak of the private equity party?

  5. 5
    Posted by guest | April 16, 2008 at 8:34 PM

    …so was that the royal “us”, or have you finally ‘fessed up, EP-BX?

  6. 6
    Posted by ep | April 16, 2008 at 8:41 PM

    “Us” DealBreaker.
    Not complicated, really.

  7. 7
    Posted by guest | April 17, 2008 at 1:02 AM

    onetwo — good to hear from you on db.

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