Fairfax launches short-selling legal action

Fri Jul 28, 2006

In the latest lawsuit against hedge funds regarding their short selling, Canadian insurance company Fairfax Financial Holdings has brought a $5 billion action against several of the world's most prominent hedge fund players. Fairfax is alleging that the funds engaged in stock manipulation and the use of dirty tricks to drive down the company's stock price.

Defendants include Copper River...

ISSN: 2151-1845 / CDC10004H

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