Banks to pay $32.5 million settlement in Sino-Forest lawsuit by investors

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Banks to pay $32.5 million settlement in Sino-Forest lawsuit by investors

Banks to pay $32.5 million settlement in Sino-Forest lawsuit by investors

TORONTO – The financial institutions that helped Sino-Forest Corp. raise funds have agreed to pay investors $32.5 million, in what may be the country’s largest securities class action settlement to date reached with investment bank underwriters. The agreement, filed in court in Toronto Monday, is related to a lawsuit by investors who lost money when the…

Abacab Fund Sees Mispricing In Options As Black-Scholes Has Become “Inadequate”

Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to the accelerated adoption of many Read More


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