Much ink has been spilled, recently, on the subject of insider trading. This follows the high profile legal standoff between a leading Irish Plc, Fyffes, and one of its former directors, Jim Flavin, founder of another high profile quoted company, DCC. A succession of findings issued by the High Court, the Supreme Court, and most recently a High court Inspector, Bill Shipsey, may have left many in a state of some confusion.

The Supreme Court overturned the High Court's not guilty verdict in the most significant insider trading case of recent years in November 2007. It concluded that the High court erred in concluding that information in the possession of Jim Flavin, the Fyffes director accused of insider trading, was not price sensitive. The case is of limited value in interpeting

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