Canada's Fairfax denies Muddy Waters' short report in expanded rebuttal

Canada's Fairfax denies Muddy Waters' short report in expanded rebuttal

Canada's Fairfax denies Muddy Waters' short report in expanded rebuttal (Reuters) - Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller's report was "false and misleading". The detailed counter comes days after the company's brief initial response to the report in which Muddy Waters had accused Fairfax of often engaging in "value destructive transactions" to produce accounting gains. Fairfax said Muddy Waters neither called it nor wrote to …