Post by kranker on Jul 26, 2006 21:07:32 GMT -4
Press Release Source: Fairfax Financial Holdings Limited
Fairfax Announces Filing of Lawsuit Alleging Stock Manipulation
Wednesday July 26, 4:52 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Jul 26, 2006 -- Fairfax Financial Holdings Limited (TSX:FFH-SV.TO - News)(NYSE:FFH - News) announces that today it filed a lawsuit seeking $5 billion in damages from a number of defendants who, the complaint alleges, participated in a stock market manipulation scheme involving Fairfax shares.
The complaint, filed in Superior Court, Morris County, New Jersey, alleges violations of various state laws, including the New Jersey Racketeer Influenced and Corrupt Organizations Act (RICO), pursuant to which treble damages may be available.
Defendants include: S.A.C. Capital Management, LLC, S.A.C. Capital Advisors, LLC, S.A.C. Capital Associates, LLC, S.A.C. Healthco Funds, LLC, Sigma Capital Management, LLC, Steven A. Cohen, Exis Capital Management, Inc., Exis Capital, LLC, Exis Differential Partners, L.P., Exis Integrated Partners, L.P., Adam D. Sender, Spyro Contogouris, Max Bernstein, Andrew Heller, Lone Pine Capital, LLC, Lone Pine Members, LLC, Lone Pine Associates, LLC, Rocker Partners, L.P., Copper River Partners, L.P., David Rocker, Third Point LLC, Daniel S. Loeb, Jeffrey Perry, Trinity Capital Of Jacksonville, Inc., Trinity Fund, Ltd., Morgan Keegan & Company, Inc., John D. Gwynn, and Christopher Brett Lawless.
Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance, investment management and insurance claims management.
Contact:
Contacts:
Investor Contact:
Fairfax Financial Holdings Limited
Greg Taylor, Chief Financial Officer
(416) 367-4941
(416) 367-4946 (FAX)
Media Contacts:
Sitrick and Company
Mike Sitrick and Lew Phelps
(310) 788-2850
--------------------------------------------------------------------------------
Source: Fairfax Financial Holdings Limited
biz.yahoo.com/iw/060726/0148001.html
Fairfax Announces Filing of Lawsuit Alleging Stock Manipulation
Wednesday July 26, 4:52 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Jul 26, 2006 -- Fairfax Financial Holdings Limited (TSX:FFH-SV.TO - News)(NYSE:FFH - News) announces that today it filed a lawsuit seeking $5 billion in damages from a number of defendants who, the complaint alleges, participated in a stock market manipulation scheme involving Fairfax shares.
The complaint, filed in Superior Court, Morris County, New Jersey, alleges violations of various state laws, including the New Jersey Racketeer Influenced and Corrupt Organizations Act (RICO), pursuant to which treble damages may be available.
Defendants include: S.A.C. Capital Management, LLC, S.A.C. Capital Advisors, LLC, S.A.C. Capital Associates, LLC, S.A.C. Healthco Funds, LLC, Sigma Capital Management, LLC, Steven A. Cohen, Exis Capital Management, Inc., Exis Capital, LLC, Exis Differential Partners, L.P., Exis Integrated Partners, L.P., Adam D. Sender, Spyro Contogouris, Max Bernstein, Andrew Heller, Lone Pine Capital, LLC, Lone Pine Members, LLC, Lone Pine Associates, LLC, Rocker Partners, L.P., Copper River Partners, L.P., David Rocker, Third Point LLC, Daniel S. Loeb, Jeffrey Perry, Trinity Capital Of Jacksonville, Inc., Trinity Fund, Ltd., Morgan Keegan & Company, Inc., John D. Gwynn, and Christopher Brett Lawless.
Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance, investment management and insurance claims management.
Contact:
Contacts:
Investor Contact:
Fairfax Financial Holdings Limited
Greg Taylor, Chief Financial Officer
(416) 367-4941
(416) 367-4946 (FAX)
Media Contacts:
Sitrick and Company
Mike Sitrick and Lew Phelps
(310) 788-2850
--------------------------------------------------------------------------------
Source: Fairfax Financial Holdings Limited
biz.yahoo.com/iw/060726/0148001.html