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Flavin v fyffes

  • 12-05-2011 6:55pm
    #1
    GavinDoyle
    Registered Users Posts: 10 ✭


    Ok i have bee searching this online and all i can find is the full case and it is not even up to date, can anyone point me in the direction of a summary of this case when it was finally settled in 2010, or even if someone has the time for a short explanation


Comments

  • #2
    skeenan89
    Closed Accounts Posts: 96 ✭✭skeenan89


    basically it was the most expensive civil trial in ireland! it was a case concerning insider trading whereby jim Flavin was a part of a comany which bought shares off fyfees! however, he was also part of a company which controlled the finances of fyfees....
    there were arguments concerning whether the courts could use the single economic entity argument and put both the companies together as opposed to being single economic entites!
    it was found to be acting as a single economic entity! hope this helps a bit!
    try this link!

    http://en.wikipedia.org/wiki/DCC_Plc


  • #3
    GavinDoyle
    Registered Users Posts: 10 ✭GavinDoyle


    yes that was helpful thanks it cleared up aspects of the case till 2007 but there was another judgement in 2010 clearing flavin of insider trading i think


  • #4
    skeenan89
    Closed Accounts Posts: 96 ✭✭skeenan89


    yes...i think it was a supreme court case! he was cleared of the insider trading i think!


  • #5
    Carawaystick
    Registered Users, Registered Users 2 Posts: 8,779 ✭✭✭Carawaystick


    That whole thing stank, the supremes sided against Flavin, and he had to step down from dcc, but there was nothing done about Fyffes lying to their owners while knowing what flavin knew and was selling


  • #6
    beeftotheheels
    Registered Users, Registered Users 2 Posts: 1,675 ✭✭✭beeftotheheels


    Bailii link to the Supreme Court decision in Fyffes Plc v DCC Plc

    http://www.bailii.org/ie/cases/IESC/2007/S36.html

    The Director of Corporate Enforcement takes over.

    http://www.bailii.org/ie/cases/IEHC/2008/H260.html


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  • #7
    GavinDoyle
    Registered Users Posts: 10 ✭GavinDoyle


    thank guys for the help, much appreciated


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