stimmt ich bin "überall" unterwegs und recht sauer auf das alles , zum Beispiel wurde der Landen ja auch mal in "DerAktionär" empfohlen , u.s.w. . Was ich meine ist eigentlich Carl Braun v. Z.Fu . Alles anderen Fälle sind abgeschlossen . Und der wollte sich ja einigen und 95Cent , die waren ja vor ein paar Wochen an der Börse regulär gehandelt (also der Kurs ging ja mal auf 1,10) , von daher denke ich die werden verkauft haben und ihre Klage irgendwann einstellen , mit dem Argument "ach die sind in China , soweit weg , hat keinen Zweck mehr") Ich da ja mal gefragt und folgende Antworten bekommen : 1.) Dirk, The Court denied the proposed settlement in this matter because the Company is delinquent in its SEC filings. The court did not order ABAT to get current with its SEC filings. The Court has no authority or jurisdiction to do that. Only the SEC can make the Company file or ABAT will face delisting. The SEC has not yet acted and ABAT has made clear that it has no intention of getting current with its SEC filings. We share your frustration with respect to Mr. Wu and ABAT. However, as I am sure you are aware, it is difficult to get any kind of judgment against Mr. Wu or ABAT because they are in China. We are evaluating what, if anything, can be done in this case. Regards, Shannon
dann habe ich nochmal nachgehackt :
2.) Once the court denies the settlement, the parties go back to the position they were in before the settlement and litigate the case to trial if it survives the Defendants' various motions to dismiss the case. So there will be a timeline. These kinds of cases, if litigated in full, usually last 3-5 years. However, given that this is a Chinese company, it could last much longer.
Right now, we need to decide whether to move forward with the case. Some of the problems we are facing of course are that the company and individual defendants are in China. So even if we got some kind of a judgment, it is extremely difficult, time-consuming and costly to get the judgment enforced. That process, alone, could last several years. Also, we need to determine what relief we could seek. The Company has no money, which is why the securities fraud case settled for $275,000, so that is not a likely option. These are the questions and dilemmas we are facing.
No judge or court can make ABAT get current with its SEC filings. Only the SEC, itself, can do that. At the settlement hearing, the judge said she had a good mind to call the SEC right up and tell them. |