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The suit says the deal could help Blackstone tighten its grip on the management of $25 billion in insurance assets.
Blackstone says that is a total misreading and its client has the independent right to cut ties.
Read Insider s original investigation into Blackstone s lucrative deal with the chairman of Fidelity National Financial.
Managing money for wealthy clients and institutional investors can be a cutthroat business, with competitors vying to steal accounts and undercut their rivals fees. And yet the world s largest private-equity firm, The Blackstone Group, seems to enjoy an uncanny level of job security: According to claims in a recently unsealed lawsuit, it has struck a deal with at least one major client that makes it almost impossible for the company to get fired.
These are the people at the center of the Derek Chauvin trial
The trial of former Minneapolis police officer Derek Chauvin began Monday, almost a year after video showed him kneeling on the neck of George Floyd for nearly eight minutes. Floyd died after the incident, which occurred last May.
His death sparked protests across the United States, with demonstrators calling for justice in the death of the 46-year-old Black man. Chauvin is on trial on charges of second-degree unintentional murder and second-degree manslaughter.
Here are some people at the center of Chauvin’s trial.
George Floyd
In Houston, where Floyd grew up, people called him by his last name. He worked security at a restaurant, and had a reputation for being dependable there for people when they were down.
In new article, public defender details racial inequities in Minnesota s felony murder doctrine
A Ramsey County public defender and law professor looked at second-degree felony murder convictions sentenced from 2012 through 2018 in Hennepin and Ramsey counties. Author: Heidi Wigdahl Updated: 10:14 PM CST March 7, 2021
MINNEAPOLIS The most serious charge brought against Derek Chauvin, the former Minneapolis police officer accused of murdering George Floyd, is second-degree felony murder.
Felony murder is a legal doctrine that allows anyone involved in a felony to be charged with murder if a death occurs during the course of the felony, even if it was unintentional.
In a new article, a Ramsey County public defender claims Minnesota s felony murder doctrine is frequently weaponized against defendants of color.
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