SAC Capital Management, LLC is group of hedge funds.

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."

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.