May 12, 2021 07:32 PM (GMT+8) · EqualOcean
LETV was administratively punished by China Securities Regulatory Commission for ten years of financial fraud and other illegal facts. Some investors sued LETV, Jia Yueting and others to Beijing Financial court. On May 12, the reporter learned from the Beijing Financial court that the court recently accepted the case of 11 investors suing 22 defendants, including letv.com and Jia Yueting, for the liability dispute of Securities Misrepresentation. It is understood that this case is the first ordinary representative litigation case of securities dispute accepted by Beijing court, involving 11 investors. In the indictment, two investors were identified as the proposed representatives, and a professional lawyer was appointed to represent this case.

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