Fairfax Financial Holdings Ltd. said Wednesday it has filed suit against several financial players alleging $5 billion in damages from a stock manipulation scheme.
The Toronto-based financial services holding company filed the suit in Superior Court, Morris County, N.J. It alleges violations of various state laws, including the New Jersey Racketeer Influenced and Corrupt Organization Act.
Defendants include: S.A.C. Capital Management, LLC; S.A.C. Capital Advisors, LLC; S.A.C. Capital Associates, LLC; S.A.C. Healthco Funds, LLC; Sigma Capital Management, LLC; Steven A. Cohen; and Exis Capital Management Inc.
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