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Simpson Thacher Obtains Dismissal of Securities Class Action

08.24.17

On August 24, 2017, Judge Alison Nathan of the Southern District of New York granted a motion to dismiss with prejudice a complaint brought against La Quinta Holdings Inc., The Blackstone Group L.P., and certain La Quinta officers and directors, alleging violations of federal securities laws. The court held that the plaintiff failed to plausibly allege any material misstatements or omissions.

The Simpson Thacher attorneys on the case were Jonathan Youngwood, Janet Gochman and Amanda Levine.