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Steven Cohen Wins Dismissal of $8 billion Fairfax Short-selling Lawsuit(Reuters)
(Reuters) – The billionaire Steven A. Cohenhas won the dismissal of an $8 billion lawsuit accusing him and his former firm SAC Capital Advisors LPof conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd, hoping to “crush” or “kill” the insurer.

In a decision last week, New Jersey Superior Court Judge Frank DeAngelis said the nearly 12-year-old case did not belong in that state’s courts because there was no evidence SAC expected or intended to cause injury there while “conspiring to drive down the share price of a Canadian company.”