FSL refused to accept the first instance verdict appeal

14, to see the dawn of FSL claims investors, by the Guangzhou City Intermediate People's court, FSL constitutes a false statement of securities, the first batch of 850 to the plaintiff compensation for the amount of 59 million 310 thousand yuan, in addition to take about 1 million yuan of case acceptance fee. In this regard, FSL's lawyers said: "the verdict is a verdict, FSL has clearly inform the appeal, in 15 days, the Guangdong Provincial Higher People's court at the same time, FSL secretaries Lin Yihui responded to this with the verdict, and resolutely appeal.

The first compensation 60 million

The clerk in the court to explain to you the plaintiff lawyer, the sentencing is only for some cases have been tried, involving the case of B shares to be sentenced next batch.

Court issued the verdict shows:

First, the defendant Foshan electrical lighting Limited by Share Ltd in fifteen days from the date of the judgment of the legal effect of a total of $59310191.16 compensation to the plaintiff;

Two, dismissed the plaintiff's other claims.

In addition, the first instance of the case handling fee of 2157108 yuan, the defendant to bear the burden of $1004361, the plaintiff's burden of details of the plaintiff's burden in schedule 1.

According to statistics awarded detailed list, a total of 850 investors, compared with the amount of the amount of the judgment in the appeal, between 30% and 70%, mostly in the 40% to 50% range.

For this amount of compensation, Xie Liang, Wang Zhibin, and many other plaintiffs to the NetEase, said the financial, the amount of compensation is too low, but as to whether the appeal, lawyers have said that investors also need to decide on their own.

However, at the scene of the court, there are a number of investors in their own litigation in the civil judgment on the judgment of the amount of details, immediately said to appeal.

Although the amount of judgment is lower than expected, but the speed of the court to allow you to the plaintiff lawyer surprise for a while, they said that the rights of the case is very long, FSL can be sentenced so quickly is really unexpected".

According to the resolute appeal

We are not satisfied, resolutely appeal, FSL secretaries Lin Yihui learned that the verdict, so respond.

The scene in the court, the defendant did not see the staff, Lin Yihui explained, the company for sentencing no knowledge of the issue, no one received notice of the court verdict, but if so, will appeal in the end.

It is worth mentioning that, if FSL claims in this regard, the amount of compensation is far more than 60 million yuan, after all, the sentencing is only the first, the second batch of cases do not involve the B shares of the 850 cases.

As of the end of 2013, there are a total of three cases of FSL case of a total of 1303 cases were filed by the court, the amount of claims of about $183 million and HK $628 thousand and 600. At present, only the first and two batch of cases in July this year, after a trial in August.

At present, the third batch of trial time has not been determined, there are hundreds of cases of the material submitted to the court for filing, according to a number of plaintiffs attorney a conservative estimate, plus unincorporated fourth batches, the number of claims has exceeded 2000 people, the claim amount exceeds 200 million yuan, to confirm the above number of the court.

For FSL resolutely appeal attitude, a number of plaintiffs lawyers said is expected, analysis of Guangdong international business law firm Xie Liang: "the case to March next year before action is valid, if we recognize it, those who meet the conditions of the claim are in wait-and-see investors will come to claim".

Judging from the current situation, the "light king" FSL's lawsuit to be continued, but the number of human rights lawyers said that even if the appeal, minimum the possibility of the second sentence.

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