Big banks to pay $32.5M to settle Sino-Forest lawsuit

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http://i.cbc.ca/1.1590232.1381652595!/httpImage/image.jpg_gen/derivatives/16x9_460/hi-sino-forest-rtr2niea.jpg Several Canadian banks and other large financial institutions that helped Sino-Forest Corp. raise millions in the financial markets have agreed to pay $32.5 million to settle a lawsuit by investors who lost money when the Chinese forestry company collapsed amid allegations of fraud.


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