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Blackstone Group Case 04/21/2008

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Lawsuit Overview

Company
Blackstone Group
Security
NYSE: BX

Case Name
Blackstone Group Case 04/21/2008
Type of Lawsuit
Other
Court of Filing
Supreme Court of the State of New York County of New York

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Summary

<p>On Friday Alliance Data Systems Corp. has sued Blackstone Capital Partners in the Supreme Court of the State of New York, County of New York. This is the second suit that credit-card processor Alliance Data Systems Corp. has filed over a troubled deal. Alliance Data Systems Corp. alleges Blackstone Capital Partners the private equity firm acted in bad faith to wriggle out of a $170 million business interruption fee in a botched acquisition.</p>