DCC guilty of insider trading

DCC could face fresh claims for damages following the Supreme Court’s ruling that it had engaged in insider dealing in Fyffes shares.

Several other claims were launched in 2002 following the initial Fyffes action against DCC. Investors who purchased these shares were at a significant loss following a profit warning from Fyffes a month later.

The High Court will hear Fyffes’ claim for compensation in October.