事关证券虚假陈述责任纠纷案件 上海金融法院最新发布

Core Insights - The Shanghai Financial Court has accepted over 23,000 cases of securities false statement liability disputes since its establishment, with a total claim amount of 7.646 billion yuan [1] - The report indicates that individual investors constitute 99.74% of the plaintiffs, highlighting a trend of small case amounts and dispersed claims [1] Group 1: Case Statistics - From 2018 to 2024, the court is expected to handle 18,040 securities false statement liability disputes, with a total claim amount of 7.646 billion yuan [1] - The average claim amount per investor is approximately 283,600 yuan, indicating a pattern of small individual claims [1] Group 2: Types of False Statements - Financial information-related false statements account for over one-third of the cases, including revenue fraud, cost manipulation, and cash flow misrepresentation [2] - Other significant types of false statements include concealing related party transactions and improper disclosure of predictive information [2] Group 3: Litigation Trends - Most investor claims focus on compensation for investment losses, commissions, and stamp duty losses [2] - There has been a notable increase in lawsuits against controlling shareholders, actual controllers, and intermediaries since 2022, indicating a developing accountability system for false statements [2] Group 4: Legal Risk Categories - The report categorizes legal risks into five main types, including disputes arising from false statements by listed companies, internal personnel, securities intermediaries, major asset restructuring counterparties, and recovery rights disputes [4][5][6][7] - Each category outlines specific behaviors leading to disputes and the associated legal responsibilities of the involved parties [4][5][6][7] Group 5: Recommendations - The report provides recommendations for various market participants, including securities issuers, controlling shareholders, board members, intermediaries, and related parties involved in major asset restructurings [7]