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Guangxia Compensation Case Under Hearing
After Guangxia (Yinchuan)'s profit fabrication case was exposed, it has roused great attention in society. From September 10 when it resumed to trading till today, Guangxia has slumped for three days on end till suspension. Investors of Guangxia (Yinchuan) suffered a huge loss. The case has been formally heard by a court.
According to Shanghai Securities, after the Guangxia case was made known to the public, Yan Yiming, a lawyer in Shanghai All Bright Law Office has been busy in preparing for the case.
According to latest statistics, Shanghai All Bright Law Office has so far received more than 120 investors' commission, and still 80 more have showed an intention to, asking Yan Yiming lawyer to help them file lawsuit for compensation. Among those investors, one bought 200,000 shares, the highest investor, and many of them purchased the stock when it was at a very high price. Lawyer Yan said that the court should be completely able to accept the case in accordance with Article 63 in the Securities Law. Last October, China's Supreme Court promulgated the Regulation on Reasons for People's Court Dealing with Civil Cases, the No. 166 article is about securities market's dishonest information dispute.
By PD Online Staff Li Yan
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