Accordingly, Zhang Yunzhong the lead agency filed a civil suit for compensation two shareholders.
2010 5 18, the Beijing Second Intermediate Court to Huang committed insider trading, illegal business and units bribery graft and sentenced her to 14 years imprisonment and a fine of RMB 6 billion, 200 million yuan of personal property confiscated. Huang appealed this decision to the Beijing Higher People's Court. August 30, the Beijing High Court upheld the decision made by the second trial.
closed criminal cases in the Huang, the laws are proposed to be filed Huang also faces the possibility of administrative or civil proceedings. Zhang Yuanzhong said that according to Article 76 of the Securities Act provides that insider trading caused losses to investors, the perpetrator shall be liable for damages. According to Article 202 of the Securities Act, securities trading inside information or illegal access to inside information insider who, in relation to securities, transaction or other securities of the price information public before a significant impact on the sale of the securities, or disclose The information, or suggest that other people sell the securities, and securities regulators will also be administrative penalties.
to industry analysts, overwhelmed by civil compensation case when the defendant Huang formal hearing, Mr Huang may also be faced with many investors filed a civil suit for compensation.
Beijing, Feb. 23 News reporter two weeks, investors v. Cotton Fen Huang, Zhang Yuanzhong case attorney, said after the disclosure of this information, the current court session that he has not received the notice, Huang's attorney to the court tomorrow, may challenge jurisdiction.
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