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        2016-07-20 4940


    118 DSME shareholders, filing the 5th lawsuit for accounting fraud


    On June 30, 2016, 118 minority shareholders of DSME (Daewoo Shipbuilding and Marine Engineering) filed a suit asking about 4.9 billion won for damages against DSME and its auditor Anjin accounting firm. These plaintiffs are DSME investors who purchased its stocks from March 31, 2014, the disclosure date of 2013 annual report of DSME; however, investors who purchased its stocks even before March 31, 2014 could be included as plaintiffs depending on the investigations of FSS (Financial Supervisory Service) and prosecutors.

     

    Previously from September 2015, Hannuri Law, on behalf of 319 DSME investors, filed four rounds of lawsuits asking about 16.1 billion won for damages against the same defendants.

     

    As inquires from victims of this accounting frauds scandal keep going due to the restatement of previous financial statements, investigation result of Board of Audit and Inspection of Korea and large scale investigation of prosecutors, follow-up suits by Hannuri law will continue.



    Hannuri Law Office : Founded on August 2000, Hannuri is one of the true Plaintiff law firm specialized in complex securities litigation related to accounting fraud, audit failure, mis-representation of registration statements or market manipulation representing investors. As the lead counsel in various cases including Daewoo Electronics accounting fraud and audit failure case, Kolon TNS accounting fraud case, Neosemitech accounting fraud and audit failure case, Sesil accounting fraud and audit failure case, Hyundai Electronics market manipulation case, Hyundai Investment Trust public offering mis-representation case, H&T market manipulation case, Gloworks market manipulation case, C-Mothec public offering mis-representation case, GS E&C securities-related class action and ELS market manipulation cases, Hannuri has actively participated in securities-related actions​.


    Inquiries : Sung Hoon Kim(82-2-537-9503, shkim@hannurilaw.co.kr)


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