Waigaoqiao false Statement Final settlement

China Securities News reporter 25th learned that the small shareholder v. Shanghai Waigaoqiao Free Trade Zone Development Co., Ltd. (hereinafter referred to as Waigaoqiao) securities false statement of compensation disputes, the second trial has made the latest progress, July 22, under the auspices of the Court, small shareholders and Waigaoqiao has reached a settlement.　　The representatives of both sides have signed the reconciliation record separately, and Waigaoqiao agrees to pay a certain amount of compensation to the small shareholders, and the loss of the minor shareholders will be compensated by the compensation of the previous agreement with PwC. After receiving the payment from Waigaoqiao, the small shareholder's agent, Huarong law firm Xu Feng, has filed a petition to the court for withdrawal of the appeal.　　The case was formally closed after the Shanghai High Court reached an appeal ruling with PwC in May, after settling a settlement with PricewaterhouseCoopers, which has withdrawn its appeal. Xu Feng said that, on July 1, before the formation of the collegial panel of Shanghai High Court for a formal hearing, the parties have communicated with the Shanghai High Court from April to June this year, and have exchanged views on the legal application, the parties ' view of the disclosure date or the correction of losses in the sun, and whether or not the appeal is the true meaning of the small shareholder, The parties fully expressed their views.　　Although the minority shareholders have agreed to mediate, Waigaoqiao did not agree to mediate until July 1 before the formal session. Xu Feng said it was a surprise that the defendant was suddenly reconciled to a 180-degree turn at Waigaoqiao. The dispute of the first instance judgment mainly avoids the provision of the judicial interpretation of the false statement 32nd, and the first instance judgment will have the legal effect after the Shanghai High Court has ruled that the appellant should be withdrawn. "Failed to pass the judgment of the second instance, the Shanghai High Court on the interpretation of the judicial explanation of the false statement 32nd of the understanding is regrettable, but the second stage of the two reconciliation, small shareholders to obtain more satisfactory compensation has also been able to explain some problems." "Xu Feng said that in future handling of similar cases, stocks that hold false statements after the base date should be calculated on the basis of the false statement and the base price to determine whether there is a loss, rather than the investor having to sell the stock or the price of the stock after the prosecution.