Class action lawsuit against Fairfax Financial Holdings filed

A class action lawsuit has been filed against FairFax Financial Holdings alleging (1) that the Company's current reserve
accounts were understated; (2) that the Company over-utilized aggressive
off-balance sheet funding mechanisms; (3) that the Company improperly
accounted finite reinsurance contracts; (4) as a consequence of the
foregoing, the Company's reported earnings were materially inflated
throughout the Class Period; and (5) that defendants consistently
downplayed the seriousness of regulatory inquiries and subpoenas issued
against the Company.

Plaintiffs lawyers are Schiffren & Barroway.