虚假陈述的民事责任及其诉讼方式分析

Analysis of Civil Liability and Mode of Litigation on Misrepresentation

民事责任性质的确定应依据不同阶段的不同主体区分对待,并赋予投资者一定的选择权。对虚假陈述的前置程序,其存在的合理性应当建立在方便投资者举证责任的基础上,而不能因其拖延诉讼时间就主张废除。通过与美国证券集团诉讼的比较,我们以为引入集团诉讼具有一定的困难,而我国目前的代表人诉讼制度还是存在一定优势的。

The article briefly outlines the various misrepresentation,with analyzing kinds of theories of civil liability on it.It concludes that the nature of civil liability on misrepresentation should depend on different stages and different subjects,and the option should be given to investors;the rationality of prepositional procedure should be based on investors’ convenience of burden of proof and it should not be abolished,after analyzing prepositional procedure;representative action system has some advantages to a certain extent after comparing with American class action.