Muddy Waters Responds to Lawsuit from Sino-Forest
Tickers: SNOFF
"This is yet another indication of what we have said all along, that Sino-Forest's management has committed a massive fraud and has deceived its shareholders and creditors. If the company were really generating close to $2 billion in operating cash flow, it would not have had to file for a court supervised restructuring with its creditors."
We have not seen a lawsuit and, therefore, cannot comment on it.
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