Steven Cohen, SAC Must Again Face Fairfax Short-Selling Lawsuit

(Reuters) The billionaire Steven A. Cohen must again face a lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd FFX.TO to drive down its stock price. A three-judge panel of a New Jersey state appeals court on Thursday revived conspiracy, disparagement and other claims that had been dismissed in 2011 and 2012 against several defendants in the $8 billion lawsuit filed by Fairfax.

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