Today, short-selling hedge fund Rocker Partners paid Overstock.com $5-million to settle the lawsuit filed against them in August of 2005. Rocker Partners also entirely dropped its own countersuit. This is a major victory for all public companies targeted by bear raiding hedge funds.
December 8, 2009
While an examination of the recently-unsealed products of discovery in the Fairfax Financial (NYSE:FFH) vs. SAC Capital, el al, lawsuit reveals the extensive involvement of most all the usual players -- both in the world of hedge funds and business journalism -- one name, mostly unknown to those outside Fairfax circles, appears quite prominently: John Hempton of Sydney Australia.
December 17, 2008