THE High Court will rule next week on the Director of Corporate Enforcement’s application to appoint an inspector to business services group DCC following a Supreme Court finding of unlawful insider dealing by DCC and its former chief executive Jim Flavin in the €106 million sale of its stake in Fyffes in 2000.

THE High Court has reserved judgement on the application by the Director of Corporate Enforcement, Paul Appleby, for the appointment of an inspector to DCC.

THE legal action by Fyffes plc alleging insider dealing in connection with the €106 million sale of the DCC stake in the fruit distributor concluded at the High Court yesterday.

A FINANCIAL markets consultant has told the High Court that information available to DCC plc chief executive Jim Flavin prior to the €106 million sale of the DCC stake in Fyffes in early 2000 would not have materially affected the price of the shares had it been generally available at that time.