It’s too late now, but Lycos Europe CEO Cristophe Mohn will take some solace that a Dutch court ruling effectively clears him of allegations made by major stakeholder Telefonica.

SEE ALSO: Telefonica Complains Lycos Europe Sell-Off Too Slow

As the failed portal tried in vain to sell itself last year, the Spanish telco’s LE Holding Corporation, which owned 32 percent of the company, applied to Amsterdam’s Court of Appeal for an inquiry in to the “policy and conduct of business” by Lycos Europe bosses. It was, we understood, essentially a complaint that Mohn had not examined fully enough all the options for a sell-off.

But now the court has thrown out the application. Lycos Europe said: “Having heard the case, the enterprise chamber has dismissed all requests made by LE Holding Corporation.” It’s unclear whether the court found no cause for investigation or whether it’s simply wound up the process because Lycos Europe is ceasing to exist - having failed to find a buyer, the company in December opted instead to liquidate itself - a step that, returning €50 million to shareholders, would have given a disappointing €16 million back to Telefonica (NYSE: TEF) in any case.