"Full of malarkey," is Blackstone (BX +4%) President Tony James' description of the lawsuit...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

"Full of malarkey," is Blackstone (BX +4%) President Tony James' description of the lawsuit against his firm, KKR, and others charging them with collusion. Referring to a friendly email between him and George Roberts, he says it's not just logical, but "a requirement" for the firms to work together on big deals. (earnings earlier)