Foshan Lighting added 519 claimants
Foshan Lighting (13.38, -0.24, -1.76%) (000541) announced that the company received the legal documents sent by the Guangzhou Intermediate People's Court on March 16, 2015, and the Guangzhou Intermediate People's Court has accepted the plaintiff 519. A civil lawsuit filed against a company on the grounds of "a false statement of securities misrepresentation".
On March 7, 2013, Foshan Lighting disclosed the announcement regarding the receipt of the administrative penalty decision of the China Securities Regulatory Commission [microblogging] Guangdong Securities Regulatory Bureau. The Guangdong Securities Regulatory Bureau imposed administrative penalties for violations of the company's information disclosure. Since then, Foshan Lighting's investors have been granted a two-year claim for Foshan Lighting. Prior to the claim of 519 investors in this batch, Foshan Lighting had already filed several lawsuits against investors, and the first batch of 929 investors who were sued in the first instance were awarded 59.31 million yuan.
According to the latest announcement, the newly added 519 rights defenders in this batch filed a lawsuit with the Guangzhou Intermediate People's Court on the grounds of securities misrepresentation liability disputes, requesting Foshan Lighting to assume civil liability for the above information disclosure violations. The amount claimed in the above 519 cases was RMB 70.576 million and HKD 699,400, of which the amount of the company and some of the company's directors and senior executives was RMB 2,458,600. Foshan Lighting announced that the above-mentioned cases have entered the proceedings, but have not begun to hear. As the case has not been tried, it is still impossible to determine the impact of the litigation case of this announcement on the company's current profit or future profit.
It is worth mentioning that on February 10 this year, the Public Securities News and Caixin.com launched a claim activism action against Foshan Lighting, and in about 10 working days, 74 investors were recruited to participate in the claim action against Foshan Lighting. . In terms of numbers, 74 investors accounted for 14.26% of the newly added 519 investors.
On March 6 this year, the statute of limitations for Foshan Lighting’s false statement claim has expired. In other words, Foshan lighting investors can no longer sue now. Judging from the current announcement information, the number of cases accepted by the Guangzhou Intermediate People's Court is more than 2,000, which is small compared with the number of shareholders of more than 160,000 in Foshan Lighting's fraud. From this point of view, investors' claims for rights protection in the Chinese capital market still need to be further popularized.
On March 7, 2013, Foshan Lighting disclosed the announcement regarding the receipt of the administrative penalty decision of the China Securities Regulatory Commission [microblogging] Guangdong Securities Regulatory Bureau. The Guangdong Securities Regulatory Bureau imposed administrative penalties for violations of the company's information disclosure. Since then, Foshan Lighting's investors have been granted a two-year claim for Foshan Lighting. Prior to the claim of 519 investors in this batch, Foshan Lighting had already filed several lawsuits against investors, and the first batch of 929 investors who were sued in the first instance were awarded 59.31 million yuan.
According to the latest announcement, the newly added 519 rights defenders in this batch filed a lawsuit with the Guangzhou Intermediate People's Court on the grounds of securities misrepresentation liability disputes, requesting Foshan Lighting to assume civil liability for the above information disclosure violations. The amount claimed in the above 519 cases was RMB 70.576 million and HKD 699,400, of which the amount of the company and some of the company's directors and senior executives was RMB 2,458,600. Foshan Lighting announced that the above-mentioned cases have entered the proceedings, but have not begun to hear. As the case has not been tried, it is still impossible to determine the impact of the litigation case of this announcement on the company's current profit or future profit.
It is worth mentioning that on February 10 this year, the Public Securities News and Caixin.com launched a claim activism action against Foshan Lighting, and in about 10 working days, 74 investors were recruited to participate in the claim action against Foshan Lighting. . In terms of numbers, 74 investors accounted for 14.26% of the newly added 519 investors.
On March 6 this year, the statute of limitations for Foshan Lighting’s false statement claim has expired. In other words, Foshan lighting investors can no longer sue now. Judging from the current announcement information, the number of cases accepted by the Guangzhou Intermediate People's Court is more than 2,000, which is small compared with the number of shareholders of more than 160,000 in Foshan Lighting's fraud. From this point of view, investors' claims for rights protection in the Chinese capital market still need to be further popularized.
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