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Siskinds LLP announces Investigation into Cathay Forest Products Corp. (TSX-V: CFZ)
LONDON, On, Feb. 15 /CNW/ - The law firm of Siskinds LLP today announced that it has commenced an investigation into the circumstances surrounding the significant decline in the trading price of the shares of Cathay Forest Products Corp. which occurred following the disclosure on December 1, 2010 that the company was delaying the release of its financial statements for the period ended September 30, 2010 to assess the appropriate accounting treatment of several sale agreements it had entered into in 2009.
Siskinds LLP is evaluating a possible class action on behalf of persons who purchased Cathay Forest Products' securities between November 9, 2009 December 1, 2010.