Re: Sino-Forest Corporation - When is an Indemnity Claim Really Just an Equity Claim?

When public companies are accused of accounting irregularities, class action shareholder litigation often follows. The case of Sino-Forest Corporation (“SFC”) is such an example. Weighed down by allegations of accounting irregularities and the class action lawsuits that followed, SFC sought and obtained court protection pursuant to the Companies' Creditors Arrangement Act (“CCAA”) on March 30, 2012 (the “CCAA Filing”).

Ontario Bar Association Class Action Law Section, May 2013