Siskinds Desmeules, Siskinds LLP and Koskie Minsky LLP announce commencement of proposed class action litigation against Sino-Forest Corp.

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 simon.hebert@siskindsdesmeules.com.

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 nicole.young@siskinds.com.


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