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Fairfax lawsuit keeps heat on Chanos, SAC's Cohen


KFRCanuk
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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."

 

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