Lawsuit Overview
<p align= justify >The original class action lawsuit was filed on behalf of all sellers of common stock of Fairfax Financial Holdings Limited (NYSE:FFH) over the New York Stock Exchange during the Class Period, seeking to pursue remedies under the Securities Exchange Act of 1934. The Complaint alleges that the case “arises from a massive, illegal stock market manipulation scheme that has targeted and severely harmed … shareholders of Fairfax, and has resulted in immense ill-gotten profits for defendants S.A.C. Capital, Exis Capital, Third Point, Rocker Partners and other extremely powerful hedge funds.” The Complaint further alleges that Defendants “launched a manipulation scheme … which was an abusive short selling strategy coupled with a public relations campaign chock full of false and misleading statements about Fairfax, its executives, its business, and its common stock price designed to drive down (Fairfax’s) stock price.”</p>