CORRECTED: UK Supreme Court Clears Ryanair Stake Probe For Takeoff

Law360, New York (June 1, 2012, 4:50 PM EDT) -- The U.K.'s highest court on Friday denied Ryanair Holdings PLC's bid to overturn lower court rulings that allowed a delayed government probe into its 2006 purchase of a minority stake in fellow Irish airline Aer Lingus Group PLC, refusing to hear Ryanair's latest appeal.

"The application does not raise an arguable point of law," a three-judge panel wrote in a brief decision dated May 31 and handed down Friday. "This case was not decided on an issue of European law and the prospects of success are...
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