Northwest & Ethical Investments L.P. is one of two plaintiffs that recently filed a class action lawsuit against a China-based commercial forest plantation operator for allegedly misrepresenting its financials.
Owned 50% by the Provincial Credit Union Centrals in Canada and 50% by Desjardins Group, NEI Investments filed the suit against Sino-Forest Corp. alleging the company misrepresented the integrity of its business operations and financial reporting, and materially overstated its assets and financial results.
Comité syndical national de retraite Bâtirente Inc., a nonprofit organization used by the Confederation of National Trade Unions to set up and promote a workplace retirement system for its affiliated unions, is the other plaintiff in the lawsuit against Sino-Forest.
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