On October 26, 2023, 002211 Hongda New Materials announced the progress of investor litigation, which showed that a total of 29 investors had filed a lawsuit with the Shanghai Financial Court, demanding that the company bear civil liability for the "** Misrepresentation Liability Dispute". The Shanghai Financial Court selected one of the cases as a model case and has made a first-instance judgment, in which some shareholders won the case. Some shareholders may have the opportunity to make claims.
Xu Jin, a lawyer at Beijing Yingke (Shenzhen) Law Firm (practice license number 14403200610948623), believes that according to the new judicial interpretation of misrepresentation, the pre-procedure has been clearly abolished, and investors can file a civil compensation lawsuit with a court with jurisdiction to protect their legitimate rights and interests due to losses caused by false statements by listed companies, and the scope of losses that can be claimed includes loss of investment difference, stamp duty and commission loss.
Tentative Claim Conditions:
Investors who sold or continued to hold after January 10, 2022 and lost money between 5 January 2019 and 9 January 2022 (subject to the final judgment of the court).
Investors should prepare the following materials: a copy of the ID card, ** account opening information confirmation form (the original is stamped with the seal of the **company's business department), *transaction records (from the first **the** to the present and stamped with the seal of the **company's business department).