Sino-Forest Shareholder Floats Restructuring Plan

Law360, New York (April 2, 2012, 4:19 PM EDT) -- Sino-Forest Corp.'s largest shareholder announced Monday that it has proposed a restructuring plan for the timber company, which filed for bankruptcy protection and announced a potential sale Friday after an analyst set off a firestorm in June by claiming it was a Ponzi scheme.

Richard Chandler Corp. said it has assembled a team led by Asian forestry expert David Walker to lead its proposal for the Chinese-Canadian plantation owner's restructuring.

"RCC, as the largest single shareholder, believes that the future of the company lies in the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.