02:29 PM EDT, 04/24/2024 (MT Newswires) -- (Updates with additional detail in the second paragraph and attempt to reach out to the company in the third paragraph.)

Carlyle Group's ( CG ) founders and other corporate executives lost their attempt Wednesday to end litigation early over a $344 million buyout of tax agreements tied to the company's public listing.

Vice Chancellor Morgan Zurn of the Delaware Court of Chancery has ruled to move the case forward against Carlyle Co-founders William Conway Jr., Daniel D'Aniello and David Rubenstein, and other company board members, according to a court filing.

Carlyle did not immediately respond to a request for comment by MT Newswires.

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