FSL claims the first batch of 515 cases will be held

FSL claims the first batch of 515 investors sued the court will be held in Guangzhou on the 2nd of this month, the court hearing in 22. It is reported that the court of 515 cases of prosecution, which is the case of FSL company announced a few days ago, respectively, by Wang Zhi Bin and Wu Lijun, the two rights lawyer agency. Daily economic news reporter noted yesterday, the Guangzhou intermediate people's court website has been able to inquire into the case of hearing information.

Wang Zhibin lawyer told reporters, Guangzhou court judge said, because of the large number of court only will be the first batch of two lawyers agent case information was sent to the FSL company, but in fact the number of prosecution to the intermediate people's Court of Guangzhou, has reached more than and 900, while the prosecution or the amount has exceeded one hundred million.

FSL previously announced the case is only the tip of the iceberg

March 6, 2013, FSL announced that the Commission received the Guangdong board of supervisors issued an administrative penalty decision. The punishment book shows that FSL in 2010 2011, many times during the disclosure of information in violation of the provisions of listed companies, the major security matters involving related parties and related parties, and related to daily business transactions, investment and acquisition are not truthful disclosure.

Announcement, FSL shares continued to fall, the damage to the interests of investors, shareholders rights claims immediately aroused. From April onwards, investors across the country have been prosecuted to the court.

Last month, FSL announced that the Guangzhou intermediate people's court has 515 people (pieces) v. FSL Securities Misrepresentation liability dispute civil case filing. 515 civil litigation involving claims amounting to 73 million 428 thousand and 300 yuan and HK $81 thousand and 899 (about RMB 64 thousand and 660).

In fact, this is only the number of cases of Wang Zhibin and Wu Lijun two lawyers agency. Due to the large number of reasons and so on, the court did not immediately filed all the cases filed to FSL, but in batches. So the company had previously announced the number of cases, far less than the actual number of prosecution. Lawyer Wang Zhibin told reporters that the court thought that the judge had revealed to him, the actual more than and 900 people have been prosecuted to the court of the people. So now, or has sued the amount of broken billion.

Cause and effect, system risk will be the focus of prosecution and defense

Sent from March this year, in April the first batch of investors sued to the court, to the end of October the first hearing, FSL investors waited for half a year was finally ushered in the first and the company claims the formal face-to-face communication. Wang Zhibin lawyer revealed that such a speed in the same case is not too fast nor too slow.

For the first time the contents of the hearing, Wang Zhibin lawyer revealed that the court informed the phone in the hearing of the notice, requiring lawyers to one or two days in advance for evidence exchange. As for the contents of the trial, Wang lawyers expect the original defendants will be for the company's false statement behavior and the causal relationship between the loss of investors, investor losses and the relationship between the system risk and other factors to start the prosecution and defense. And this is one of the key points of the dispute between the prosecution and the defense.

More than and 500 cases will be able to open it? Do you need to open a few days? Whether there will be a large number of investors to the court for trial? In this regard, Wang lawyers said, a day after the case estimates, although the number of cases is numerous, but the nature of the same, mainly by two attorneys on behalf of investors to debate, does not appear more than five hundred investors and a company of the confrontation scenes. In addition, the trial of such cases only for some of the principles of the prosecution and defense and identified specific claims for each investor qualification, the amount of loss calculation and other matters, the need to rely on a large number of court work.

FSL: has hired ten lawyers to actively respond to whether the case"

In the face of the large number of investors, threatening prosecution, FSL how to respond? Yesterday afternoon, investment express reporter dialed the company secretaries phone, which said that the company has commissioned a lawyer to actively respond to.

For earlier media reports that investors sued FSL to respond to hire ten lawyers, secretaries did not deny, but he said the company did not make what "lineup", but hard to hire professional lawyers of institutions. Due to the large number of cases, the number of lawyers need to naturally more.

Judging from the history of such cases, the majority of listed companies and investors in the end of the settlement, FSL will be the first time the court will show a willingness to compromise, or firm not reconciled? In this regard, its secretaries said that all but also look at the situation, it is still unable to disclose. He stressed that the company will actively respond to all announcements prevail.

Although there is no clear willingness to compromise, but look at the situation, the expression of the three words, not previously reported by the media, resolute not reconciliation attitude.

Activist lawyers: the first session will have a significant impact on the case

Why the hearing is only two activist lawyers acting investors? In this regard, as one of the lawyers in the trial of Wu Lijun said, probably because of its lawyers and the number of the largest number of temporary agents of the relationship between the two.

In fact, the first convening of the weight of the lawyer for the trial, the trial of foreign securities in civil precedents. The treatment of such cases in the United States questioned, that is, the maximum weight of the trial results of the lawyer, the court opinion and results will apply to all relevant