Ryanair Loses Bid To Stop Probe Into Aer Lingus Stake Buy

Law360, New York (May 24, 2012, 5:27 PM EDT) -- A British appeals court on Tuesday rejected Ryanair Holdings PLC's plea to shut down the government probe into Ryanair's 2006 purchase of a minority stake in fellow Irish airline Aer Lingus Group PLC on the grounds that the U.K. Office of Fair Trading waited too long to investigate.

A panel led by Chancellor Andrew Morritt found the OFT was warranted in opening its inquiry into the stake purchase in September 2010 — well after the usual four-month window afforded by the British Enterprise Act of 2002...
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