Case Page

 

Case Status:    DISMISSED    
On or around 05/08/2007 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: February 07, 2007

On April 9, 2007, an Amended Complaint was filed against all defendants. That day, the plaintiffs also filed a motion to appoint Lead Plaintiff. On April 26, 2007, the plaintiffs filed a Notice of Voluntary Dismissal, and on May 8, 2007, the Court entered the Order by Judge Dennis M. Cavanaugh dismissing the case without prejudice.

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."

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: Canada

SECURITIES INFORMATION:

Ticker Symbol: FFH
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. New Jersey
DOCKET #: 07-CV-00640
JUDGE: Hon. Dennis M. Cavanaugh
DATE FILED: 02/07/2007
CLASS PERIOD START: 12/18/2002
CLASS PERIOD END: 07/25/2006
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Seeger Weiss LLP (New York)
    One William Street, Seeger Weiss LLP (New York), NY 10004
    212.584.0700 · info@seegerweiss.com
No Document Title Filing Date
No Document Title Filing Date