Questions: Why was the case brought in Morristown in the first place? Let's get a hold of Fairfax's attorney and hear his assessment of the Spyros indictment impact. What is Spyro's status- out on bail? Has he entered a plea? We should have that. What does his lawyer say?

A Canadian insurer sees the recent indictment of an alleged accomplice in a slander effort by a group of hedge fund managers it is suing as positive development in their legal efforts.

Last summer Toronto-based Fairfax Holdings Limited filed suit in Superior Court, Morris County, New Jersey, alleging a group of financiers participated in a stock market manipulation schemed aimed at devaluing Fairfax shares.

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