Fairfax Fails In Bid To Recover In 'Bear Raid' Suit

Law360, New York (September 12, 2012, 7:36 PM EDT) -- A New Jersey judge on Wednesday tossed Fairfax Financial Holdings Ltd.'s suit accusing Exis Capital Management Inc. and Morgan Keegan & Co. of participating in a disinformation campaign that cost it billions, finding the harm claimed by Fairfax is not recoverable under state law.

Morris County Superior Court Judge Donald Coburn ruled Fairfax's commercial disparagement damages claims were not supported by New Jersey law, dismissing the case with prejudice, according to attorneys for Exis. Toronto-based Fairfax had claimed as much as $8 billion in damages over...
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