April 02, 2013
A Florida federal judge Friday dismissed an investor lawsuit alleging the hedge fund Paulson & Co. overlooked red flags when it acquired a stake once worth $880 million in Sino-Forest Corp., a U.S.-listed Chinese forestry company whose stock later tanked after an accounting scandal was exposed.
April 06, 2012
Hedge fund manager Paulson & Co. Inc. on Friday moved to dismiss an investor lawsuit alleging the firm overlooked red flags when it acquired a stake once worth $880 million in Sino-Forest Corp., a U.S.-listed Chinese forestry company whose stock later tanked after an accounting scandal was exposed.
February 21, 2012
An investor in billionaire John Paulson's hedge funds filed a putative class action in Florida on Tuesday alleging Paulson's firm failed to properly vet Sino-Forest Corp. before buying shares of the forestry company, eventually costing the firm roughly $460 million.