Bid To Stop Vote On $1.4B Zenith-Fairfax Deal Rejected

Law360, New York (April 23, 2010, 3:16 PM EDT) -- Zenith National Insurance Corp. has scored an early victory in its attempt to thwart lawsuits seeking to block rival insurer Fairfax Financial Holdings Ltd.'s $1.4 billion bid to buy the company, following a state judge's denial of two plaintiffs' request for an injunction on an upcoming shareholder vote on the deal.

The Woodland Hills, Calif.-based insurer told the U.S. Securities and Exchange Commission on Thursday that a judge in the Delaware Chancery Court denied plaintiffs Paul Ansfield and NECA-IBEW Pension Trust Fund in their bid for...
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