Author Topic: Fairfax lawsuit keeps heat on Chanos, SAC's Cohen  (Read 1501 times)

KFRCanuk

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Fairfax lawsuit keeps heat on Chanos, SAC's Cohen
« on: November 23, 2009, 03:29:17 PM »
Sorry about the dual post.

http://www.reuters.com/article/americasRegulatoryNews/idUSN2342166220091123

" NEW YORK/BOSTON, Nov 23 (Reuters) - When Fairfax Financial
Holdings Ltd (FFH.TO) sued a group of hedge funds in 2006
claiming they conspired to drive down the price of the
company's shares, many viewed the litigation as a cynical
attempt by the Canadian insurer to silence its critics.

 Some skeptics predicted the lawsuit filed with a New Jersey
state court would be quickly dismissed and forgotten. But three
years later, the lawsuit against Steven Cohen's SAC Capital
Advisors, James Chanos' Kynikos Associates and others is going
strong and creating headaches for two of the best-known U.S.
hedge fund managers."