Courts hear more stocks disputes
Print Edition
CITY courts received nearly three times as many securities and stocks disputes last year as they did in 2015, according to the Shanghai High People’s Court.
Last year, the courts accepted a total of 1,567 securities and stocks disputes, while in 2013, only 61 cases were accepted. That number rose fourfold in 2014 and doubled in 2015.
Listed firms being punished by watchdogs for false statements is driving more and more investors to file lawsuits to demand justice and protect their rights, said Chen Yajuan, deputy director of the Shanghai High People’s Court.
Last year, Shanghai courts accepted a total of 94,496 financial disputes, a year-on-year increase of 6.7 percent. Almost 61 billion yuan (US$8.9 billion) was involved.
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