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Fairfax launches short-selling legal action

July 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...

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