New Jersey Superior Court Judge dismissed a long-running lawsuit filed by Canada’s Fairfax Financial Holdings Ltd against Exis Capital fund manager Adam Sender, saying the claim was not supported by law. The multi-billion lawsuit was filed in 2006 against a large group of hedge funds for allegedly spreading false rumors and driving down Fairfax’s stock price. Fairfax’s multi-billion lawsuit against individuals and companies Prem Watsa’s Fairfax Financial Holdings Ltd and its Morristown-based subsidiary, Crum & Foster filed a law suit back in 2006 accusing individuals and 27 other companies, including Exis Capital Management, of using dubious methods like bribery…
New Jersey Court Dismisses Fairfax Suit Against Exis Capital
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
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