FSL suffered another 457 claims amount of more than 80 million

FSL's January 17th announcement that the company received on January 16, 2015 in Guangzhou City Intermediate People's court "responding to the notice", "Notice of proof" and "indictment" and other relevant legal documents, the other has filed 457 (pieces) to "the liability of misrepresentation in securities disputes on the grounds of the company filed a civil lawsuit.

Announcements, the amount of claims for the above case is 82 million 255 thousand and 900 yuan, of which the number of listed companies and the prosecution of the company directors, executives for the amount of $732 thousand and 600.

It is understood that after a total of 1303 investors in the three installment of the Securities Misrepresentation liability dispute on the grounds of a civil lawsuit against FSL, the total amount of claims over $180 million. But in November 15, 2014 and December 5, 2014, Guangzhou City Intermediate People's Court of the 955 cases in the verdict, sentenced to the FSL one of the 955 shareholders of compensation of 60 million 410 thousand and 800 yuan and 1 million 27 thousand and 500 yuan of case acceptance fee burden.

It is noteworthy that, after the first instance verdict, FSL filed an appeal to require the revocation of the first instance verdict first; dismissed all claims of investors; investors bear the first instance, the second instance of all litigation costs. While many investors are also dissatisfied with the proportion of the amount of compensation in the first instance verdict, and appeal. Although FSL has filed an appeal, but the number of the lawyers have said that the possibility of the second sentence is to continue to have confidence in successful decision.

In addition, in January 16, 2015, FSL announced that, although the appeal judgment was not effective, the company need not perform the obligation of compensation, but according to the accounting standards for enterprises and based on the principle of prudence, the company decided to make a trial court case has verdict, according to the judgment result of estimated liabilities accrued accrued, amounting to 61 million 438 thousand and 300 yuan.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).