Blackstone tries to get O’Flynn conspiracy claims dismissed

Companies in the Blackstone Private Equity group have asked the High Court to strike out claims that they conspired to take over several companies of brothers Michael and John O’Flynn.

The claims, where damages are being sought for the alleged conspiracy, form part of an action brought by the O’Flynns and 82 companies within their group against Carbon Finance, its UK parent the Blackstone Group, and its US parent the Blackstone Group International Partners.

Lawyers for the O’Flynns have opposed the application.