What the judges said

Mr Justice Fennelly"It used not to be considered any sort of sin to profit financially from the use of secret, private or privileged information. That was how fortunes were made. Now things are different. To trade on the use of inside information is recognised for what it is. It is a fraud on the market."

Ms Justice Denham

"But the core business of Fyffes was produce, bananas, and this information related to that core business. This information was at the top of the November and December 1999 trading report, in more ways than one."

Mr Justice Finnegan

"It is a tribute to the learned High Court judge that notwithstanding the complex and technical matrix of fact, there is no challenge to her findings in that regard on this appeal.  The legal issues raised were likewise complex and devoid of directly referable authority and it is likewise a tribute to the learned trial judge that this appeal relates to her decision on a single issue only."

Ms Justice Macken

"The conclusion of the learned High Court judge ought to have been that the information appearing in the November/ December Trading Reports, had it been released at the relevant dates, would have materially affected the plaintiffs' share price".