Tuesday, 30 June 2015
Last updated 4 hours ago
Jul 9 2012 | 7:10am ET
Six years ago, Fairfax Financial Holdings sued eight hedge funds and brokerage Morgan Keegan for conspiring to drive its stock price down. Since then, seven of the hedge funds, including SAC Capital Advisors, Third Point and Kynikos Associates, have been culled from the roster of the accused.
But Exis Capital Management remains, and, it seems, will remain when the trial begins on Sept. 10. A New Jersey judge has refused to dismiss the case against the hedge fund, and also junked Morgan Keegan's most recent bid for a dismissal.
Fairfax is seeking $8 billion in the racketeering claim.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…