New progress in Foshan lighting case: 11 lawsuits have been filed with a claim amount of nearly 10 million

The incident of Foshan Lighting (000541) has been updated recently. 11 activist investors submitted their litigation materials to the Guangzhou Intermediate People's Court of Guangdong Province (hereinafter referred to as “Guangzhou Intermediate Court”) on April 7. The court has confirmed the acceptance. This means that investors collectively opened the curtain of litigation claims for Foshan Lighting.

Since the investor claims claim, Foshan Lighting has remained silent on this matter and has not issued any announcements. Zhou Xiangfeng, the company’s director-general, said in an email replying to the reporter’s letter: “As of now, the company has not received a subpoena from the Guangzhou Intermediate People’s Court. Previously, the company gave a written explanation to the listed company’s regulatory authorities regarding the claims reported by the media. If the company receives a court summons, it will announce it in time. The company currently has no information that should be disclosed but not disclosed."

On March 7, 2013, Foshan Lighting announced that it had received an administrative penalty decision issued by the Guangdong Regulatory Bureau of the China Securities Regulatory Commission on March 6. The parties involved in the company’s violation of laws and regulations, including the company’s own chairman, Zhong Xincai The six executives within the company made administrative penalties. The violations of laws and regulations include many matters that Foshan Lighting did not disclose according to law or truthfully and in a timely manner during the two years from 2010 to 2011. This has directly become the fuse for the majority of investors in the market to sue Foshan Lighting and demand claims.

According to Wang Zhibin, a lawyer from Shanghai Jiesai Law Firm who took the lead in convening investor rights protection on March 9th, more than 700 investors have registered with him to participate in rights protection. In addition to Tibet, all other provinces, municipalities and autonomous regions have A large number of investors participate in rights protection. After the preparations for the tension, the first batch of indicted investors have completed more than 50 people, the total amount of claims exceeds 15 million yuan, and the rest of the investors are preparing materials according to the Ministry.

“On April 7, I submitted litigation materials for 11 rights defenders in the Guangzhou Intermediate People's Court. The total amount of claims was nearly 10 million, and the maximum single claim amount exceeded 8 million. These 11 investors came from all over the country, no obvious Geographical characteristics, relatively speaking, the number of investors in Guangdong Province is a little more, the amount is relatively larger. From that day on, we will continue to submit litigation materials to the court." Wang Zhibin said, "In fact, the individual investors I just handed in The loss of 8 million is not the biggest in my hand, there is a stock of more than 10 million, the formalities are being processed."

According to Wang Zhibin, the court has confirmed and accepted the “Pre-Payment Notice” for the 11 materials that have been submitted on the same day. This means that as long as the investor pays the lawsuit, the case will undoubtedly enter the entity trial stage. .

The reporter got a notice of pre-payment of legal fees for the plaintiff's litigator, and it is understood that she is also the above-mentioned single investor with a total amount of more than 8 million. The notice shows that the plaintiff litigant’s prepaid legal fees are 71,844 yuan, and the legal fees must be paid within seven days from the day after the receipt of the notice. If the overdue payment is not paid, the law will be automatically withdrawn.

For Foshan Lighting has not yet received the Guangzhou Intermediate Court subpoena, Wang Zhibin said that this is normal. "The court will send a "Notice of Responding" and a Notice of Evidence to Foshan Lighting within five days after confirmation of the acceptance. The former includes a copy of the indictment and relevant evidentiary materials, while the latter will explain that Foshan Lighting has at least one month of proof. The relevant evidence collected by Foshan Lighting shall be sent to the Guangzhou Intermediate People's Court within the specified time. After all the procedures have been completed, the Guangzhou Intermediate People's Court will issue a so-called subpoena to Foshan Lighting to inform the time and place of the formal hearing."

It is understood that the above-mentioned legal fees for 11 people vary according to the total amount of claims. Except for the above single claim exceeding 8 million yuan, the claim amount is 1 million yuan, and the legal fee is more than 10,000 yuan. The legal fee for 10,000 yuan is 8,800 yuan, and the legal fee for claiming 50,000 yuan is about 1,000 yuan. If the amount of claim is less than 10,000 yuan, the legal fee is 50 yuan. According to Wang Zhibin, the claim amount of this batch of 11 rights defenders is mostly between 50,000 and 100,000 yuan.

(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)

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