Carlyle Says ‘Ungrounded’ $344M Del. Tax Suit Should Go

The allegation that an independent director of The Carlyle Group Inc. was so beholden to one of its co-founders that his judgment about a $344 million tax asset buyout was skewed is “factually ungrounded” and the pension fund shareholder making the allegation should have its Delaware Chancery Court case thrown out, the private equity firm said Wednesday.