Dundee Capital Markets Inc.

Dundee Capital Markets Inc.

June 16, 2011 17:01 ET

Securities Litigation Pertaining to Sino-Forest Corporation

TORONTO, ONTARIO--(Marketwire - June 16, 2011) - Dundee Capital Markets Inc. (the "Company") (TSX:DCM) today addresses recent news releases by two Canadian law firms who have commenced class action law suits in Ontario and Quebec on behalf of Sino-Forest Corporation ("Sino-Forest") shareholders alleging securities law violations by Sino-Forest, some of its officers and directors, its auditors, and its underwriters. As a member of the underwriting syndicates for the public equity offerings, the Company understands that it is effectively named in at least one law suit. Although the Company has not yet been served with any statement of claim, the Company believes that allegations against the underwriting syndicate are without merit and plans to vigorously defend the action.

About Dundee Capital Markets Inc.:

Dundee Capital Markets is a publicly traded full-service Canadian investment dealer with offices in Toronto, Montreal, Vancouver and Calgary and whose principal businesses include investment banking, mergers and acquisitions, institutional sales and trading, investment, research, private client financial advisory and management of investment products. Dundee Capital Markets focuses on specific sectors, namely, Resources, Real Estate, Infrastructure, and Special Situations. Dundee Capital Markets is the manager of the CMP™ and Canada Dominion Resources flow-through limited partnerships and CMP Gold Trust. The common shares of the Company trade on the Toronto Stock Exchange under the stock symbol "DCM".

Contact Information

  • Dundee Capital Markets Inc.
    Joanne Ferstman
    President and Chief Executive Officer
    (416) 365-5010

    Dundee Capital Markets Inc.
    Robert Sellars
    Executive Vice President and Chief Financial Officer
    (416) 350-3475