Greetings to all my old friends here.
I had been checking in on my favourite Canadian Insurance Co. & noticed that on Oct. 29 Exis was dropped from Fairfax' ongoing case. Fairfax indicating they will appeal.
I'm afraid that any victory for Fairfax at this point will be pyrrhic, with the bigger hedge funds gone from the suit. However it served a greater public good to shine some light on the practices of these firms. Exis did pay a high price for its actions through negative publicity, and is a shadow of its former self. Other parties to the suit such as SAC, Rocker/Copper River - currently listed in the "Where are they now" file - brought about thier own demise, no doubt aided partly by the information brought to light through the efforts of Fairfax & Patrick Byrne at Overstock.
The unfortunate thing is that as these cases drag out over the years, the news loses its currency. But for those of us who watched it play out in real time - it is still interesting to see the fallout. And Fairfax is still going strong.
http://www.swtriallaw.com/press-releases/new-jersey-court-clears-exis-capital-in-fairfax-financial-hedge-fund-lawsuit/