Reuters – Hedge fund titan Steven Cohen scored a legal victory when a New Jersey judge tossed out a long-running civil lawsuit filed against his SAC Capital Advisors by insurer Fairfax Financial Holdings.
In court order signed on Sept. 12, New Jersey Superior Court Judge Stephan Hansbury dismissed Fairfax’s claims that SAC Capital had conspired with other hedge funds to spread negative information about the Canadian company in a bid to drive down its stock.
