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SAC Capital, Founder Beat $8B Stock Scheme Suit In NJ

Law360 (April 3, 2018, 9:37 PM EDT) -- Former hedge fund SAC Capital Advisors and its founder, Steven A. Cohen, have escaped an $8 billion lawsuit over an alleged scheme to lower Fairfax Financial Holdings Ltd.'s share price after a New Jersey state judge said the court did not have personal jurisdiction over the claims against them and related parties.

In the latest twist in the nearly 12-year-old case, Superior Court Judge Frank J. DeAngelis on Thursday granted SAC Capital Advisors LLC, Cohen and related parties' motion for summary judgment for lack of personal...
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