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Wed 01 Jan 2010Flavin deal an 'error in judgment', Fyffes inquiry concludes
THE LONG-RUNNING saga concerning insider dealing by businessman Jim Flavin and DCC came to an end yesterday when the Director of Corporate Enforcement, Paul Appleby, said that his inquiries were “at the end of the road”.
Mr Appleby’s comments came after the publication of the report of High Court inspector Bill Shipsey SC, which concluded that Mr Flavin had “genuinely believed he was not in possession of price-sensitive information” when he dealt in Fyffes shares worth €106 million in early February 2000.
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