A row has broken out in the Irish High Court over whether Fyffes’s lawyers should have produced certain documents which DCC claims are crucial to its defence on the insider dealing accusations against it.
Fyffes is suing the company and its chief executive Jim Flavin over its sale of a €106 million of shares in Fyffes in February 2000.
DCC claims the Fyffes board did not believe in the fist of 2000 that information about the company’s trading performance in the first quarter of the fiscal year 2000 was price-sensitive.
DCC said the documents read in court this week, made available by Fyffes to its lawyers, who judged them not discoverable, supported its defence case.