全国首单投保机构股东代位诉讼;2023年2月20日调解结案

Investor Protection Derivative Recovery Against DZH Directors and Senior Officers

According to the official case note on China Investor Network, the China Securities Investor Services Center used its shareholder status to pursue recovery from DZH's controlling shareholder and former chairman-general manager and achieved full payment of the amount claimed, together with costs and legal fees. The case is framed as the country's first derivative action brought by an investor-protection institution and the first follow-on recovery action against directors and senior officers after securities-fraud civil liability had already been imposed on the listed company.

Holding

According to the official case note on China Investor Network, the China Securities Investor Services Center used its shareholder status to pursue recovery from DZH's controlling shareholder and former chairman-general manager and achieved full payment of the amount claimed, together with costs and legal fees. The case is framed as the country's first derivative action brought by an investor-protection institution and the first follow-on recovery action against directors and senior officers after securities-fraud civil liability had already been imposed on the listed company.

Issues

recovery against directors and senior officers of a listed companyderivative action by an investor-protection institutionfollow-on internal recovery after securities fraud liabilityavoiding a second round of harm to minority investors