Sep. 18, 2009 (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of Odyssey Re Holdings Corp. (“Odyssey Re” or the “Company”) (NYSE: ORH) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Fairfax Financial Holdings Limited (“Fairfax). On September 8, 2008, the Company announced that it had received an unsolicited proposal from Fairfax under which Fairfax will buy all of the company’s outstanding common stock that it does not yet own for $60 per share. Fairfax currently owns 72.6% of the outstanding Odyssey Re common shares and, as a majority shareholder, may have breached the fiduciary duties they owe to Odyssey Re shareholders.

If you own common stock in Odyssey Re and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/orh1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.