The Handong Province High Court issued a lengthy announcent, detailing the entire sequence of events from beginning to end.
But the core ssage is clear, it’s true.
Because so investors first initiated a collective lawsuit, and then the Imperial Capital Investor Fund Protection Company intervened, registering more than fifty investors.
The ordinary collective lawsuit turned into a special representative lawsuit.
Then the announcent spread knowledge about the characteristics of the special representative lawsuit system.
In short, the High Court used this announcent to clearly explain why the matter is true, and incidentally conducted so legal education.
Instantly, netizens online were stunned.
In Modu, a man who lost heavily in stocks looked at the online announcent, repeatedly saying: "Impossible, absolutely impossible!"
He was the one who firmly believed online before that this matter was fake.
But he never expected that it was actually true, even the High Court personally ca out to explain it!
Or rather, this isn’t just an explanation, it’s addressing rumors with legal education!
But... how could it be? Losing money in stocks and still having a chance to get it back, moreover, those people didn’t even have to participate, they could just sit around and wait to get the money in a muddled way.
Although the case hasn’t been heard yet, in this guy’s eyes, it’s virtually equivalent to money arriving.
Why is it that he lost so much and couldn’t get anything back, yet those people just have such good luck, he also wants that stroke of luck so much...
And there were many others online who shared the sa thoughts as this guy, who started wailing online following the announcent.
"Damn, I’m going crazy with jealousy, the key is my friend who I invested with also received a ssage!"
"They will definitely lose, trust , they will definitely lose!"
There were many similar remarks, but most were joking, anyway, it’s that kind of "afraid that the brother is living poorly, and also afraid that the brother drives a Land Rover" feeling.
Everybody suffered huge losses in stocks, so why can so now see payback money?
Various legal professionals also stepped in to spread legal knowledge, as this is the first case since the new Securities Law revision!
Honestly, this system was learned from what’s done over in the Nice Country, nothing’s unspeakable, though current regulations are still sowhat vague, everything is built up slowly, step by step.
It’s impossible for today to revise the law, and to see a lot of cases popping up by tomorrow, that’s impossible.
For a "first case" like this, one must consider execution issues, even if Old Tang doesn’t, the court will!
Otherwise, if a judgnt can’t be executed, it will greatly harm the judiciary.
Online discussions were heated, with everyone curious as to why the target was Xinda Company.
After all, in comparison, first-tier cities also have many companies punished by relevant departnts for false representations.
Then, Jingzhou City self-dia quickly released an exposé.
"Why is it Xinda Company? Because Xinda is in Jingzhou, and in Jingzhou, you don’t know who is there? There is Tang Fangjing, he orchestrated the whole thing!"
"Before this representative lawsuit, Tang Fangjing had already filed two personal lawsuits to test the waters, only one ended in diation, and the other was a win."
"Including the subsequent representative lawsuit, it was all orchestrated by Tang Fangjing..."
This revelation led netizens in intense discussions to feel a sense of "as expected."
Soone had guessed before that it should have been orchestrated by Tang Fangjing, but didn’t dare to say it out loud, fearing backlash with remarks like "Does Tang Fangjing do all good things?"
In Modu, Professor Du looked at the online news and couldn’t help but say: "I should’ve thought of it earlier, why it’s in Jingzhou, because Tang Fangjing is there."
"This person really... with the case amounting to over two billion, he really isn’t afraid of death!"
These self-dia revelations in Jingzhou must have been authorized, aning Tang Fangjing had no fear of reprisal.
Thinking of this, Professor Du couldn’t help but shake his head, then started replying on his phone.
"Playing the low-key act": Faster, didn’t you say it’s already preserved? Hurry up, I want to see a river of blood!
It exploded, completely exploded, and in such a situation, within the Imperial Capital Yongda Accounting Firm, Pan Zhiyuan held his phone, his hands trembling.
His emotions were extrely complex now because Yongda Firm was also one of the defendants, and the other party’s complaint demanded they bear joint liability!
Ruined, completely ruined, he never dread that Tang Fangjing would create sothing on such a massive scale!
This is entirely different from what was imagined before!
Or rather, when collaborating with Xinda Company back then, they never expected to be claid by ordinary investors!
Indeed, there were relevant laws before, but this kind of case essentially hadn’t happened.
And now, not only are they being claid, but the other party also orchestrated such a "special representative lawsuit," directly incorporating all investors.
Now, his account and the firm’s account have all been frozen.
Seeing online comnts saying "Tang Fangjing is aweso," Pan Zhiyuan was grinding his teeth to bits.
In this whole event, the audit fee on his end only totaled over two million, and yet now this money was confiscated, with the related departnts imposing a tripled fine, not to ntion facing such massive compensation!
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