NEW YORK--(EON: Enhanced Online News)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an order of the United States District Court for the District of New York (Southern Division):
|UNITED STATES DISTRICT COURT|
|SOUTHERN DISTRICT OF NEW YORK|
|LANDMEN PARTNERS INC., Individually||:||Civil Action No. 08-cv-03601-HB-FM|
|and On Behalf of All Others Similarly Situated,||:|
|THE BLACKSTONE GROUP L.P., et al.,||:|
|TO:||ALL PERSONS AND ENTITIES WHO PURCHASED THE COMMON UNITS OF THE BLACKSTONE GROUP L.P. (“BLACKSTONE”) IN ITS INITIAL PUBLIC OFFERING OF SUCH COMMON UNITS IN THE UNITED STATES OR IN THE OPEN MARKET ON THE NEW YORK STOCK EXCHANGE BETWEEN JUNE 21, 2007 AND MARCH 12, 2008, INCLUSIVE|
YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Southern District of New York, a hearing will be held on December 18, 2013, at 11:00 a.m., before the Honorable Harold Baer, Jr., at the Daniel Patrick Moynihan United States Courthouse, Courtroom 23B, 500 Pearl Street, New York, New York 10007, for the purposes of determining: (1) whether the proposed settlement of this securities class action (“Action”) for the sum of.$85,000,000 (U.S.) in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Action should be dismissed with prejudice against Defendants, as set forth in the Settlement Agreement, dated August 28, 2013; (3) whether the Plan of Distribution of settlement proceeds is fair and reasonable, and therefore should be approved; (4) whether the application by Lead Counsel for an award of attorneys’ fees and expenses incurred in connection with prosecution of the Action, together with interest thereon, should be granted; and (5) whether the Court should approve an award to the Lead Plaintiffs for their costs and expenses (including lost wages) incurred in representing the Class.
If you purchased Blackstone common units in its initial public offering of such common units in the United States or in the open market on the New York Stock Exchange between June 21, 2007 and March 12, 2008, inclusive, your rights may be affected by this Action and the settlement thereof. If you have not received a detailed Notice of Proposed Settlement of Class Action and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Blackstone Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by downloading this information at www.gilardi.com or www.BlackstoneIPOCase.com, where you can obtain additional information about this Settlement and the Action. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form postmarked no later than December 10, 2013, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, to the above address, postmarked by November 12, 2013.
Any objection to any aspect of the Settlement, Plan of Distribution, request for an award of attorneys’ fees and expenses to Lead Counsel and/or the application for reimbursement of costs and expenses to Lead Plaintiffs, must be filed, with all supporting papers and documentation, with the Clerk of the Court no later than November 12, 2013, and received by the following no later than November 12, 2013:
|ROBBINS GELLER RUDMAN|
|& DOWD LLP|
|58 South Service Road, Suite 200|
|Melville, New York 11747|
|A PROFESSIONAL CORPORATION|
|BRIAN C. KERR|
|475 Park Avenue South, 33rd Floor|
|New York, New York 10016|
Counsel for Lead Plaintiffs and the Class
|SIMPSON THACHER & BARTLETT LLP|
|BRUCE D. ANGIOLILLO|
|425 Lexington Avenue|
|New York, New York 10017|
Counsel for Defendants
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
THIS IS ONLY A SUMMARY NOTICE. IF YOU BELIEVE YOU MAY BE A MEMBER OF THE CLASS, YOU ARE URGED TO OBTAIN A COPY OF THE FULL NOTICE, WHICH IS ACCESSIBLE AT WWW.GILARDI.COM OR WWW.BLACKSTONEIPOCASE.COM, OR BY CALLING 1-888-283-8021.
DATED: August 30, 2013
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK