TMCnet News
Ryan & Maniskas, LLP Announces Investigation of Sino-Forest CorporationWAYNE, Pa. --(Business Wire)-- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/snoff) has commenced an investigation into potential securities law violations by certain officers of Sino-Forest Corporation ("Sino-Forest" or the "Company") (OTC: SNOFF.PK and Toronto: TRE.TO). Sino-Forest shareholders who purchased shares of Sino-Forest on either the Toronto Exchange or the Pink Sheets should contact Richard A. Maniskas, Esquire at 877-316-3218 or at [email protected] to learn more about this investigation. Sino-Forest Corporation operates as a forestry plantation company in the People's Republic of China. The company acquires, cultivates, and sells standing timber or harvested logs from its purchased, integrated, and planted plantations, which include diersified mix of tree species primarily comprising pine, Chinese fir, and eucalyptus; and sources and sells logs, veneer, sawn timber, and other wood-based products. Our investigation concerns possible securities law violations related to the Company's public statements. On June 2, 2011, Muddy Waters published a report wherein they stated that Sino-Forest greatly exaggerates its assets. For instance, the report alleged that Sino-Forest overstated its forestry purchases in one Chinese province by more than C$800 million. On this news, shares of Sino-Forest dropped as much as 25 percent and was C$3.75 lower at C$14.46 when trading was suspended on the Toronto exchange yesterday. Sino-Forest also plunged by a record 61 percent yesterday to $7.33 in U.S. over-the-counter trading. If you purchased Sino-Forest shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/snoff. You may also email Mr. Maniskas at [email protected]. For more information about class action cases in general, please visit our website: www.rmclasslaw.com. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. |

