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ETF News

Blackstone sues infoUSA founder over $6.8 mln fee

NEW YORK, Jan 24 (Reuters) - Blackstone Group LP BX.N has sued the founder of business-to-business marketing company infoUSA Inc to recover a $6.8 million advisory fee.

According to a complaint made public on Monday, Vinod Gupta still owes the sum even after last July’s roughly $463 million takeover of his company, now called infoGroup Inc, by private equity firm CCMP Capital Advisors LLC. (Reporting by Jonathan Stempel in New York; Editing by Phil Berlowitz)

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