QUEBEC AND TORONTO, June 9, 2011 /CNW/ - The 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.
Siskinds LLP and its co-counsel, the Ontario-based law firm of Koskie
Minsky LLP, anticipate that they will commence related litigation
tomorrow in Ontario. That action will be filed for the benefit of
persons and entities from outside Quebec who acquired securities of
Sino-Forest during the Class Period.
SOURCE Siskinds Desmeules
For further information:
Persons who are members of the proposed Quebec class are encouraged to contact Simon Hebert of Siskinds Desmeules for further information. Mr. Hebert can be reached at (418) 694-2009 or by email at firstname.lastname@example.org.
Persons from outside Quebec who acquired securities of Sino-Forest during the proposed Class Period are encouraged to contact Nicole Young of Siskinds LLP at (800) 461-6166 (Ext. 2380) or by email at email@example.com.