Fairfax Scores $11M In Jury Verdicts In NJ Stock Scheme Row
Law360 (October 16, 2018, 9:14 PM EDT) -- Fairfax Financial Holdings Ltd. and its New Jersey subsidiary, Crum & Forster Holdings Corp., have scored state trial victories totaling nearly $11 million in damages against a defunct hedge fund and related parties over claims they took part in a scheme to lower the Canadian insurance company’s share price, the business announced Tuesday.
More than a dozen years after the case was initially filed, jurors on Friday handed down a roughly $5.4 million verdict in compensatory damages against Exis Capital Management Inc. and related companies, and then issued a combined $5.5 million verdict in punitive damages on Monday against the Exis...
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