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SAC Dismissal From New Jersey Lawsuit Appealed by Fairfax

Insurer Fairfax Financial Holdings Ltd. asked a New Jersey appeals court to reinstate its lawsuit against Steven A. Cohen’s SAC Capital Advisors LP claiming a campaign of false negative information.

The appeal, filed May 31, asked the New Jersey Appellate Division to reverse the decision to dismiss SAC in 2011 from the case filed in state court in Morristown. All eight of the hedge funds that Toronto-based Fairfax sued won dismissals. Fairfax has also asked the appeals court to reinstate other defendants.