Declan Service gets suspended sentence for insider dealing

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Declan Service received a fully suspended 18-month sentence for insider dealing at Dublin Circuit Criminal Court, reported on 22 March 2024.

Service had pleaded guilty to using sensitive market information to sell shares before it became public, then buying shares back at a discounted rate. The dealings involved Open Orphan shares in May 2020.

Judge Elma Sheahan also ordered him to pay €69,933, the euro equivalent of £60,000, within one month. The Irish Times reported that Service had made a profit of about £11,500.