Discussion On Securities Class Action Of Misrepresentation

With the prosperity of China's securities market, listed companies and other illegal and false statements are beginning to increase. Face more and more of the securities increase in the number of cases of false statements, false securities of the original civil system has not emerged to meet the stock market or a false statement for the successful handling of cases. Securities of the original civil system, not the system itself is based on the circumstances at the time set by the securities market, so in order to further protect the interests of investors, the misrepresentation of the current civil litigation system security must be improved. In this paper, a typical false statement of domestic court cases - the case of Dongfang Electronics false statements, trying to analyze the current civil False Statement of problems in the system to give a complete construction of the securities litigation system false statement or opinion.This addition to the introduction, is divided into four parts, four parts as follows:The first part, the securities the basic principles of misrepresentation. This part mainly through the introduction of electronic false statement referred to the East of the present case leads to false statements in securities litigation system's problems, while the basic principles of the false statements were outlined.The second part of the false statements of foreign securities class action. In this part, a false statement on foreign securities litigation system to inspect, the focus of the class action the United States, Canada and Australia, a false statement of securities litigation as well as Germany and Taiwan group litigation system.The third part of the civil False Statement of the Current Problem. This part of the first representative of the system is explained; taking a step forward followed by analysis of representative action system in China and the United States the difference between class action; once again representative of the current litigation system problems have been analyzed;Finally, the analysis China's current system of securities misrepresentation civil problems.The fourth part, foreign securities class action false statement on the civil system of reference. This part is a false statement of securities of the Perfection of Civil Procedure and the construction of some opinions.