NEW YORK, NY / ACCESSWIRE / March 9, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Fairfax Financial Holdings Limited ("FFH" or the "Company") (OTC:FRFHF). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether FFH and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 8, 2024, short-seller Muddy Waters Research published a report entitled "Fairfax Financial Holdings Ltd.: The GE of Canada" (the "Muddy Waters Report"). The Muddy Waters Report alleged that FFH engaged in "abusive accounting", manipulating asset values and income by "engaging in value destructive transactions aimed at generating accounting gains."
Following publication of the Muddy Waters Report, FFH's stock price fell $121.06 per share, or 11.6%, to close at $920.37 per share on February 8, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP
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