Shearman & Sterling Shuts Down Fairfax Class Action Redux

, The Litigation Daily


Last year a trio of top plaintiffs firms filed a proposed securities class action against Fairfax Financial over alleged misconduct that occurred way, way back in 2006, arguing that their own previous case against Fairfax had tolled not only the statute of limitations, but also the five-year statute of repose. Now Shearman & Sterling, which won dismissal of the original case in 2010, has stymied the plaintiffs lawyers once again.

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