Financials, Technology Jan 17, 2022 08:39 PM (GMT+8)
Cailian, January 17 (Xinhua) Shanxi securities announced that Zhongde securities, the holding subsidiary of the company, received a civil complaint served by the Beijing Financial court. The cause of action was a dispute over the liability for Securities Misrepresentation. Two thousand plaintiffs such as Shanghai Junying asset management partnership (limited partnership) filed a civil lawsuit against LETV and other 21 defendants to the Beijing Financial court, requiring LETV to compensate for the investment loss of 4.571 billion yuan caused by its false statement, and requiring the other 20 defendants to bear joint and several liability.
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