Just Starting Class Action Suit fileThe Quebec law firm of Siskinds Desmeules and its affiliate law firm in Ontario, Siskinds LLP, today announced the filing in Quebec of a proposed class action against Sino-Forest Corp. (TSX: TRE) and certain of the directors and officers of Sino-Forest. Also named as defendants are the auditors of Sino-Forest, Ernst & Young LLP, and the consulting firm, Poyry (Beijing) Consulting Company Limited.
The Quebec action is brought on behalf of all Quebec residents who acquired securities of Sino-Forest, whether under a prospectus, over the Toronto Stock Exchange, or otherwise, between August 12, 2008 and June 2, 2011 (the "Class Period"). In the Quebec action, it is alleged that the defendants made various misrepresentations during the Class Period in regard to Sino-Forest's assets and revenues, and in relation to the company's compliance with Chinese law and Canadian generally accepted accounting principles.