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The Civil Court accepted the complaint from the victims of “Stark” stocks, suing for nearly ten billion in damages.

Southern Bangkok Civil Court, The Southern Civil Court accepted a lawsuit filed by the real Stark group of victims, suing for damages against "Wanrat", his heirs, and the infringers. Nearly ten billion in total, dismissing the petition of "Weerapat Pariyawong" leading another group of victims to request consolidation of the cases. Today (March 21) the court scheduled to hear an order requesting a class action lawsuit in the case that Mr. Kanit Apiwattananon and 3 others filed a lawsuit against Mr. Wannarat Tangkaravakun, Mr. Chanin Yensudjai, Mr. Chinnawat Asavabokee, Mr. Sattha Chandrasetthalert, Mr. Kittisak Jitprasertngam is a defendant in the offense of trading (securities) to demand damages in a corruption case in Stark Corporation Public Company Limited. Today, there are hundreds of victims who have come to follow the case, holding signs to demand. justice The trial court found, according to the investigation, that the three plaintiffs were members of a group of persons who were damaged by receiving i nformation about financial statements and operating results from the prospectus in the registration statement. Offering debt instruments for sale and the draft prospectus for the purchase of shares of Stark Corporation Public Company Limited, which the said information is false and untrue. Including the manipulation of the company's financial statements, causing the three plaintiffs and the group of persons who were invited to receive incorrect information. and believed in investing in such bonds and did not receive the money back Classified as those receiving invitations according to the form shown List of debt instrument offering information and draft prospectus from the sale of bonds of Stark Company. Corporation Public Company Limited No. 1/2021, No. 1/2022 and No. 2/2022, number of more than 4,500 people All 5 defendants are directors and executives of the said company and acted without caution. and dishonest Acting or refraining from performing duties prescribed by law which causes the accounting or fi nancial statements to be falsely decorated will be liable to the three plaintiffs and the group of persons who have suffered damages from such cases. which has the same characteristics as the three plaintiffs which is not specified in the prospectus Conditions for selling shares However, the three plaintiffs and a group of persons were also purchasers of the said bonds. The acquisition of rights in the debentures of the three plaintiffs and groups of persons is therefore similar and not different, which is considered to be a large group of persons. If prosecuting a case like an ordinary case would cause difficulties and inconvenience, a class action would be fairer and more efficient than an ordinary case. In addition, when considering the history and work experience of the three plaintiffs and the three plaintiffs' lawyers, it is believed that the three plaintiffs and the three plaintiffs' lawyers are able to take legal action to adequately and fairly protect the rights of groups of people. Therefore, the t hree plaintiffs were allowed to proceed with the class action lawsuit and it was deemed appropriate to determine the scope of the group members to be the group of people who invested in the bonds of Stark Corporation Public Company Limited from the invitation according to the form. Debt offering information and the draft prospectus from the sale of Stark corporate bonds. Corporation Public Company Limited, No. 1/2021, all sets, No. 1/2022, all sets, and No. 2/2022, all sets. In addition, because litigants have the right to appeal an order granting permission to proceed with a class action within 7 days from the date the court issues the order. Therefore, wait to order the complaint when the request to allow or not allow the class action is final. If the appeal period has elapsed and no party appeals the order, the relevant official shall submit a report to the court. to consider ordering the complaint further In addition, the court also issued an order in the case of Mr. Weerapat Pariyawong, the attorney-in -fact for another group of victims. which has filed a lawsuit against black number No. Commander 121/2567 Mr. Weerapat filed a complaint with the court that he has filed another case. Intend to request the court to order combining this trial with the said case together. According to the petition dated March 20, a copy of the petition was given to the three plaintiff's lawyers and the defendant's lawyer who had already come to court. Lawyers for the three plaintiffs made statements. Oppose the request that this case has completed its investigation. Pooling considerations is not helpful. As for the second defendant's lawyer and the fifth defendant's lawyer, they stated that it is true but the court will consider it as it deems appropriate. The court has summoned the case file, black number Commander 121/2567, for consideration. After considering, it is seen that this case is complete. And the court scheduled to hear the order today. But the petitioner just filed the complaint in the referred case on March 20 ( yesterday). If the said case file is to be taken into consideration with this case, it may be necessary to conduct a new examination of all the evidence. which is inconvenient and caused the consideration process to be unnecessarily delayed. And in that case, the petitioner filed suit against 24 defendants, different from the defendants in this case. After consideration, an order was issued not allowing the two cases to be considered together. and dismiss the petitioner's request Mr. Jinna Yaem-um, a lawyer specializing in Class Action cases who is the lawyer in the case in which the court allowed to accept class action cases today, said that today the court has ordered permission to accept class action cases. The case filed is a tort case seeking damages. and offenses according to Securities Act The initial damages claimed by the plaintiffs in the lawsuit are worth a few million baht. But when it is a class action, damages will be pooled for everyone. In this case, more than 4,000 people were injured, with a total damage value of approximately 9,200 million baht. Mrs. Nathiya Duangjinda, representative of the injured group, said that today the Stark bond case in the name of "the real Stark room group" filed a civil suit against 5 executives who the SEC pointed out were guilty of The corruption case in Stark Company involves Mr. Wonnarat Tangkarawakun and his associates, requesting that it be a class action lawsuit. Choosing to sue 5 individuals without suing a juristic person. This is because the number of defendants being sued is too large. will cause delays and if the juristic person applies to join the rehabilitation plan This will cause the lawsuit to go into an automatic stay state, which may take 3-15 years to complete. I would like to note that the real Stark room group began as a gathering of victims of STARK bonds in the application. Line on April 22, 2023. The name "The Real Stark Room Group" comes from the fact that all members have passed their identity verification as victims of STARK bonds, and w hen the group was started, they invited "Mr. Jinna Yaem-um" to come. Providing legal advice to group members since hearing the news of Stark Company's failure to submit financial statements to the SEC. Attorney Jinna provided advice at no cost. Source: Thai News Agency