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Paulson Sued Over Sino-Forest Wager

By Gregory Zuckerman
February 22, 2012
The Wall Street Journal Online

Duane Morris represents Hugh F. Culverhouse in his lawsuit against hedge fund manager John Paulson, who is accused of gross negligence over substantial investments in the Sino-Forest Company, a potentially fraudulent Chinese timber company. Culverhouse and other investors in Paulson's fund lost nearly $500 million. Duane Morris Partner Harvey Gurland stated, "With just the basic due diligence, the Paulson companies could and should have foreseen Sino-Forest's problems. Instead, Paulson simply threw money at the company with a shocking disregard for the financial well-being of its investors."

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