LeTV’s 10-year financial fraud was sued to court by several investors

Leshi.com has been administratively punished by the China Securities Regulatory Commission for ten years of financial fraud and other illegal facts, and some investors have sued Leshi.com, Jia Yueting and others to the Beijing Financial Court.

On May 12, the reporter learned from the Beijing Financial Court that the court recently accepted the case of 11 investors v. Leshi.com, Jia Yueting and 22 other defendants in a dispute over liability for securities misrepresentation. It is understood that the case is the first ordinary representative litigation case of securities disputes accepted by the Beijing court, and the 11 investors involved identified 2 investors as the proposed representatives in the indictment, and appointed professional lawyers to represent the case.