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Fairfax loses lawsuit against U.S. hedge funds

The Star – A New Jersey judge has tossed out an $8 billion lawsuit filed by Toronto-based Fairfax Financial Holdings Ltd. against U.S. hedge funds accusing them of conspiring with analysts and researchers to drive down Fairfax’s stock price.

Superior Court Judge Donald Coburn dismissed the long-running case, filed by the Canadian insurance and investment firm in 2006, on Wednesday.

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