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GreenStar Agricultural Corporation V.GRE



TSXV:GRE - Post by User

Post by RichByOwnershipon Sep 30, 2014 10:47pm
437 Views
Post# 22985325

A successful lawsuit

A successful lawsuit
Since it is very likely that the fraudsters of the Greenstar have squandered all the funds of the company, it would be hard to get any money back from the company. The best strategy of the class action lawsuit would be to sue the auditor and the individual executives.
This article on The Globe and Mail saying "Ernst & Young...agreed to pay $117-million to Sino-Forest investors." looks very encouraging.

Ernst & Young reaches $8-million settlement...
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