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Home Economics Banks to pay $32.5 million settlement in Sino-Forest lawsuit by investors

Banks to pay $32.5 million settlement in Sino-Forest lawsuit by investors

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Banks to pay $32.5 million settlement in Sino-Forest lawsuit by investors

TORONTO – The financial institutions that helped Sino-Forest Corp. raise funds have agreed to pay investors $32.5 million, in what may be the country’s largest securities class action settlement to date reached with investment bank underwriters. The agreement, filed in court in Toronto Monday, is related to a lawsuit by investors who lost money when the…

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