If the court accepts the case it is sure to trigger a large number of other shareholder suits against the auditor. If the court doesn't act, we'll await the decision of the stock market watchdog. |
Public investors used to accuse listed firms of cheating and manipulating in a scandal. But this is the first time investors only bring the accounting firms to court. |
That's not acceptable because we were suing under the new securities law and now the court rejects the suit with a rather older explanation given by the supreme court. |