What's wrong with this lawyer?!

Here it involves the issue of legal validity again. The limited liability of a joint-stock company is stipulated by company law, while the liability provisions come from the securities law and the corresponding judicial interpretation of the Supreme Court.

In this context, company law is the general law, whereas securities law is the special law. According to relevant rules, when there is a conflict, the effect of the special law is superior to the general law!

Therefore, the securities law and its judicial interpretation should be applied, and the executives of these companies must bear responsibility.

In between, there were three hearings; after several meetings, the judicial committee of the High Court finally made a decision.

Unconsciously, another January has come, January 6. Old Tang, carrying a handbag, arrives at the Provincial High Court. Today, the court is convening again; presumably, the verdict will be announced.

During this time, Old Tang certainly wasn't idle, having handled several cases and helped some people resolve issues.

But his private messages are still full every day, and there are still many people coming to Tengda to register, so many that it exploded in numbers.

There are too many people, and too many problems. Even if he never rested and kept helping, it would be impossible to resolve them all.

Tengda's lawyers are certainly numerous, but Tengda now only has Zhang Wei willing to be like him. Even Zhang Wei cannot be as extreme as him at certain times.

So... there's no way.

Thinking thus, Old Tang has already walked into the courtroom. There are many people here today, and the defendants from Xinda Company are probably all present.

Old Tang guessed right; He Haoyu, Xu Jiacheng, Director Pan from Imperial Affairs Office, and others are all here today.

Of course, there is also a special presence: the former Xinda Company legal affairs director, Zheng Junhui.

Unlike others with gloomy faces, Old Zheng looks quite comfortable this moment.

I warned you guys before, don't do those things, but you didn't listen. Luckily, I was smart!

Old Zheng even came over and greeted Old Tang, leaving Old Tang quite befuddled.

However, it's good you came; the fear was you wouldn't come. Therefore, the High Court here even specially notified these people at the beginning, saying that today would be the sentencing.

Normally, there is rarely a sentencing procedure, especially when the court specifically notifies you to come, saying we're gong to sentence today. It means something abnormal is surely happening.

Yet, people like He Haoyu naturally wouldn't think so much; they've already been made neurotic by the more than two billion compensation.

To speak frankly, even if the company goes bankrupt, it doesn't matter; but losing one's money is something they can't accept!

It's a very realistic situation; those "telling stories, listing to raise funds" people, do you think they would care about their company?

Besides, no matter how much the company earns, it's the company's, only the money that reaches their hands is real!

So no one noticed this unexpected situation; everyone stared at the Judgment Chief, wanting to know the verdict.

The trial started again, and the Judgment Chief this time didn't ask any questions, directly starting the sentencing procedure.

"According to" the Securities Law, "the Supreme Court's about..."

"The sentencing is as follows!"

Xinda Company can't escape, joint liability, which is not unexpected.

The accounting firm did not escape either; Director Pan's vision darkened upon hearing the verdict, the firm is unlimited liability, meaning the property he's worked for so many years on is gone...

Company executives like He Haoyu and Xu Jiacheng also did not escape, in this aspect, the High Court greatly agrees with Old Tang's perspective.

To engage in and pass false statements indicates you are liable for responsibility!

Of course, the proportion of liability differs. For example, four independent directors, Xu Jiacheng holds a larger proportion of responsibility because among the four, he has signed the most on annual reports.

Similarly, in the board meeting regarding false statements, his approving votes were the most...

Other executives who didn't specifically manage finances bear relatively less responsibility. Although the law stipulates that "ignorance" can't be used as a reason, specific judgments surely consider these factors.

The financial director and executives in charge of finances need no mention, their responsibilities are the largest apart from the controlling shareholders, because things like annual reports are generated by them...

Upon hearing the verdict, He Haoyu's vision darkened and nearly fainted, Xu Jiacheng was dazed, both essentially needing to dedicate all their assets for compensation.

Even selling his house wouldn't be enough for Xu Jiacheng.

The scene became full of wails, and someone like Xu Jiacheng began to angrily shout about the injustice.

However, Old Zheng is extremely delighted, because he is sentenced to not bear any responsibility!

Originally wanting to flaunt a bit, but upon seeing the situation, he decided against it, flaunting now might lead to a beating from the crowd.

After announcing, the Judgment Chief faced the crowd's curses without much explanation, merely spoke to the clerk beside him.

The clerk quietly walked out. Not long after, the courtroom doors opened, and a group of police officers entered.

"He Haoyu, right?"

Originally still cursing, He Haoyu was stunned upon seeing the police before him, muttered: "Yes, it's me, what's the matter?"

"Come with us, here's the summons." The police stepped forward, showing the relevant documentation.

He Haoyu was stunned, looking at the Judgment Chief above, and then at the police beside, speechless.

Beside him, Director Pan naturally wasn't spared, also shown a summons, besides that were financial executives.

Many crimes in criminal law are "intentional crimes," hence executives like Xu Jiacheng wouldn't be implicated criminally.

Nonetheless, many of the defendants were still controlled at the scene.

Watching this scene, many even forgot to question.

Old Tang stood aside watching; this wasn't his masterpiece, he merely submitted a bit too much material during lawsuit.

Upon discovering issues, the court directly handed it over to Public Security Authorities, then arranged today's arrest, perfectly neat.

But the police still didn't take people away, everyone found it strange.

Just then, the Judgment Chief spoke: "If any of the defendants want to appeal, act quickly, otherwise it won't be convenient for appeal later..."

Upon hearing this, even Old Tang couldn't resist wanting to applaud. This Judgment Chief is also a talent!

Despite swearing countless times in their hearts, He Haoyu and others hurried to explain the situation to their representing lawyer, they have to appeal, must appeal!

Old Tang already left the ridiculous drama, carrying the judgment, walked out of the High Court.

Meanwhile, the investor protection company has already released the judgment result.

"Special representative litigation first case, first trial won, the court fully supported our requests!"

The news spread online, those investors previously registered immediately started celebrating.

While others felt like eating lemons, just really sour, why could they see the return money!

No way, we must sue too, we also want to see the return money!

...

The internet buzzes; Xu Jiacheng is already home, uncertain how long he can stay there.

Blandly looking at his phone, uncertain what he can do next.

Tang Fangjing, it's all because of Tang Fangjing... trapped him till nothing remains, Even though there is a second trial, given the current situation, even a fool can see it's lost.

Out of nowhere, Xu Jiacheng had a thought; he wants revenge!

But... after all, there's a second trial; if he loses then, he'll kill the other side and then himself, anyway now his wife already mentioned divorce.

Just divorce then, anyway, there's no desire to live...