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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.