Exis To Face Trial In Fairfax Case

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.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note