Fairfax Hits Hedge Funds With $5B Suit
The Toronto-based insurer announced the litigation on Wednesday, revealing that it had filed suit in New Jersey’s Superior Court seeking up to $5 billion in damages.
The funds targeted include SAC Capital, Lone Pine, Copper River and Third Point.
“This action arises from a massive, illegal and continuing stock market manipulation scheme, which has targeted and severely harmed Fairfax, among...
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