Our client is a real estate development company, which was acquired by the current shareholders. Before the acquisition, the management was appointed by the former controlling shareholder and was under the control of the former controlling shareholder's group.

According to the company's internal investigation, the former directors and senior executives commissioned two design agencies to repeatedly provide services for the same project, resulting in the company being ruled to pay the design fees twice, suffering losses of several million yuan.

We believe that directors and senior executives owe a duty of diligence to the company and should manage the company's relevant affairs diligently, in good faith, and prudently as if handling their own affairs. In this case, the former directors and senior executives performed their duties passively and slackly, and had gross negligence in the signing and performance of major business contracts, which violated the duty of diligence and had a causal relationship with the economic losses suffered by the company, so they should compensate.

Currently, the lawyers of our firm have accepted the client's entrustment and will file a lawsuit for liability for damage to the company's interests.