In response to Foshan Lighting's false statement, in November last year, the Guangzhou Intermediate People's Court made a first-instance judgment, and the result was that the investor won the case. However, Foshan Lighting said it was “not satisfied†and claimed that it would appeal to the Guangdong High Court. The reporter learned from the lawyer of the well-known securities lawyer and director of Guangdong Benben Law Firm Liu Guohua that the second trial will be held in the Guangdong High Court on the morning of April 9.
The second trial will be held on April 9th, September 17, 2013, January 7, 2014 and March 14, 2014. Foshan Lighting received the notice of response from the Guangzhou Intermediate People's Court, and the plaintiffs totaled 1,303 people. The securities misrepresentation liability dispute was filed in a civil lawsuit against the listed company.
On November 15, last year, the Guangzhou Intermediate People's Court made a first-instance judgment on the above case. Subsequently, Foshan Lighting received the first-instance judgment delivered by the Guangzhou Intermediate People's Court and was required to compensate the above-mentioned part of the plaintiff for a total of 59.31 million yuan. However, Foshan Lighting publicly responded at the time: "The company is not satisfied with the above judgment and will appeal to the Guangdong Higher People's Court in accordance with the law."
The reporter learned from Liu Guohua's lawyer yesterday that the second trial will be held at the Guangdong High Court at 9:30 am on April 9. "Foshan Lighting has appealed all cases to the Guangdong High Court, and a small number of plaintiffs also filed an appeal. I think the second trial is likely to maintain the original judgment." Liu Guohua told reporters.
And two groups of investors to sue <br> <br> Foshan lighting, if the appeal is unsuccessful, will face greater damages. Earlier, some analysts believe that the Foshan lighting case is the largest shareholder rights protection case in recent years, and the amount of claims by shareholders is expected to exceed 100 million yuan.
In addition, the results of the first instance judgment of the Guangzhou Intermediate People's Court in November last year attracted some new appeal investors. On January 17 and March 17 this year, Foshan Lighting successively announced new litigation matters. Two batches involving 976 investors also required the company to “pay the bill†for the false statement and bear civil liability. The amount is also over 100 million yuan. At present, these new investors are waiting for the trial of the Guangzhou Intermediate People's Court.
Liu Guohua said that if the second instance of the Guangdong Higher People's Court rejected the Foshan Lighting Appeal, the result would be beneficial to the new appeal investors.
The second trial will be held on April 9th, September 17, 2013, January 7, 2014 and March 14, 2014. Foshan Lighting received the notice of response from the Guangzhou Intermediate People's Court, and the plaintiffs totaled 1,303 people. The securities misrepresentation liability dispute was filed in a civil lawsuit against the listed company.
On November 15, last year, the Guangzhou Intermediate People's Court made a first-instance judgment on the above case. Subsequently, Foshan Lighting received the first-instance judgment delivered by the Guangzhou Intermediate People's Court and was required to compensate the above-mentioned part of the plaintiff for a total of 59.31 million yuan. However, Foshan Lighting publicly responded at the time: "The company is not satisfied with the above judgment and will appeal to the Guangdong Higher People's Court in accordance with the law."
The reporter learned from Liu Guohua's lawyer yesterday that the second trial will be held at the Guangdong High Court at 9:30 am on April 9. "Foshan Lighting has appealed all cases to the Guangdong High Court, and a small number of plaintiffs also filed an appeal. I think the second trial is likely to maintain the original judgment." Liu Guohua told reporters.
And two groups of investors to sue <br> <br> Foshan lighting, if the appeal is unsuccessful, will face greater damages. Earlier, some analysts believe that the Foshan lighting case is the largest shareholder rights protection case in recent years, and the amount of claims by shareholders is expected to exceed 100 million yuan.
In addition, the results of the first instance judgment of the Guangzhou Intermediate People's Court in November last year attracted some new appeal investors. On January 17 and March 17 this year, Foshan Lighting successively announced new litigation matters. Two batches involving 976 investors also required the company to “pay the bill†for the false statement and bear civil liability. The amount is also over 100 million yuan. At present, these new investors are waiting for the trial of the Guangzhou Intermediate People's Court.
Liu Guohua said that if the second instance of the Guangdong Higher People's Court rejected the Foshan Lighting Appeal, the result would be beneficial to the new appeal investors.
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