Progress of the Buddha's false statement

In October 9th, caused widespread concern of the investors v. FSL (000541.SZ) cases of false statements of securities claims have the latest progress, a number of lawyers from the Guangzhou intermediate people's court judge call, required to submit a written legal opinion to the court before next Wednesday, to further clarify the respective claims of misrepresentation and the FSL stock investment corresponding situation.

Song Yixin lawyer said, FSL Securities Misrepresentation case or will produce results in 2014.

Public data shows, in late July and early August this year, the Guangzhou intermediate people's court in two batches arrange thousands of FSL court case, the litigation amount more than one hundred million yuan, at the end of the trial, the case into the quiet period.

Song Yixin lawyer said, the judge contact plaintiffs lawyers, mainly because the Commission administrative penalties decided that FSL has seven items of information disclosure violations, many plaintiffs of FSL stock investment situation is different, therefore, the court asked the plaintiffs to further understand their losses because FSL is one or a few letter Phi illegal act of tort.

Song Yixin lawyers and lawyers Li Jian said, according to the Commission Decision on punishment, to confirm the presence of a number of FSL and a number of violations of information disclosure, information disclosure violations are coincident in time, therefore, the case of multiple false statements by the plaintiff to the defendant on the implementation, seven false statement infringement losses, Master Zhang to the first day of an illegal act (i.e. "on July 15, 2010 to the Qinghai fozhao lithium energy development Co. Ltd. to increase investment notice" issued date) for the implementation date of misrepresentation. Since seven the misrepresentation act is issued "on the receipt of the written decision of the Guangdong Securities Regulatory Bureau administrative regulatory measures announcement" at the date of July 6, 2012 was publicly revealed, therefore, the plaintiff in July 6, 2012 revealed.

Two lawyers suggested that FSL case litigation will expire in March 6, 2015, investors meets the conditions of the claim is not timely prosecution will be awarded the opportunity to win loss, claim conditions: from July 15, 2010 to July 2012 6 day have had dealings, and sell or continue to hold FSL shares in July 6, 2012, and there is a loss or constructive loss can be prosecuted.

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