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Fairfax Faces Class Suit Over Accounting

The complaint filed against the Toronto-based company Friday in U.S. District Court in Manhattan alleged the firm failed to detail its increasing liquidity problems and its growing exposure to finite

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A prospective class action suit has been filed against Fairfax Holdings Ltd., alleging the company omitted damaging information in its debt prospectus.

The complaint filed against the Toronto-based company Friday in U.S. District Court in Manhattan alleged the firm failed to detail its increasing liquidity problems and its growing exposure to finite reinsurance accounting investigations.

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