Only A Matter Of Time

Posted by Equity Private, Apr 16, 2008, 2:30pm

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]

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Tags: Blackstone

Comments

Posted by guest, Apr 16, 2008 2:51PM

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."

Posted by onetwo , Apr 16, 2008 5:37PM

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

Posted by guest, Apr 16, 2008 6:10PM

fucking "smart money" shitheads. take that you fuckers.

Posted by guest, Apr 16, 2008 6:18PM

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?

Posted by guest, Apr 16, 2008 8:34PM

...so was that the royal "us", or have you finally 'fessed up, EP-BX?

Posted by ep, Apr 16, 2008 8:41PM

"Us" DealBreaker.

Not complicated, really.

Posted by guest, Apr 17, 2008 1:02AM

onetwo -- good to hear from you on db.

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