FSL or claims over 200 million yuan

Some lawyers said that the total number of plaintiffs in the case may eventually exceed 2000 people, the amount of claims may exceed $200 million, is expected to become the eastern Electronics (quotes, interrogation) after the case of China Securities Civil Compensation of second major cases. In March 7, 2013, a "cash cow" said FSL's announcement that the Commission received Guangdong authority administrative penalty decision, because the company information disclosure of illegal acts, FSL, chairman Zhong Xincai and other executives were fined 6 responsibility.

The day before the announcement that the Guangzhou City Intermediate People's court has been on 515 (pieces) v. FSL Securities Misrepresentation liability disputes civil litigation filing. 515 civil litigation involving claims amounting to 73 million 428 thousand and 300 yuan and HK $81 thousand and 899 (about RMB 64 thousand and 660). Some lawyers said that the total number of plaintiffs in the case may eventually exceed 2000 people, the amount of claims may exceed $200 million, is expected to become the eastern Electronics (quotes, interrogation) after the case of China Securities Civil Compensation of second major cases.

In March 7, 2013, a "cash cow" said FSL's announcement that the Commission received Guangdong authority administrative penalty decision, because the company information disclosure of illegal acts, FSL, chairman Zhong Xincai and 6 other executives were fined, warning the responsibility of administrative punishment.

Zhejiang Yufeng Li Jian law firm lawyers told reporters that his agent around the three investors sued FSL claims more than 400 yuan, is currently awaiting court notice, the fourth batch of investors intends to prosecute to the court in October.