As the Buddha claims court of second instance verdict has little possibility

According to the NetEase financial reports, today (9) days, FSL misrepresentation dispute in the second instance, the Guangdong provincial high court hearing in November last year, the Guangzhou intermediate people's Court of first instance verdict results, namely FSL compensation first filed 1303 investors totaling 59 million 310 thousand yuan, FSL filed an appeal, in addition, there are 13 plaintiffs appeal to investors.

For investors agency Shanghai Jiesai law firm Wang Zhibin lawyer told reporters, FSL submitted a dozen pages of copious and fluent appeal, but the view is in the first instance when the respondent stated, no new evidence, so the verdict is unlikely, the result is expected the second instance upheld the verdict, investors receive compensation amount of about the amount of the claim for 30% to 60%.

The trial in the high court of Guangdong province high court at 9:30, the reporter at the scene witnessed the scene, five full court, 8 people appeal seats, seats are filled with the more than 20 people, gathered a number of professional North Canton agency securities disputes lawyer, in addition, there are a few to proxy individual investors.

According to public information, FSL during 2009 to 2012, in the procurement of raw materials, product sales and a series of related transactions, more serious is that these enterprises are associated with then FSL chairman Zhong Xincai has a close relationship with Zhong Xincai's eldest son, the second, the actual controller brother, sister-in-law and so on. Share prices affected by the negative impact, shock down. According to NetEase finance, the maximum loss of up to 8 million 500 thousand yuan.

It is worth mentioning that FSL is the A shares of the "cash cow", has attracted many investors, which is consistent with the conditions of litigation investors an important reason in large quantities, the case for the largest number of investors claim, in recent years become the largest investor rights case.

However, the verdict is the final, which means that the tangle of three years of FSL case will come to an end, the verdict will be on the second batch (already the first instance, has not yet been sentenced), the third batch (not the first instance) to play a demonstration effect.

The reporter understands, this pile of disputes has arrived in March 5, 2015 this day but before closing action, there are hundreds of investors, litigation information has been submitted to the court of Guangzhou, is still in the stage of filing, 180 million yuan FSL was the amount of the claim will exceed the previously announced.

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