Despite a rejection by a court in Guangdong province, investors claiming damages due to losses incurred after Everbright Securities Co Ltd's recent trading error are pinning their hopes on pending decisions by courts in Shanghai.

The Panyu court in Guangdong province on Monday rejected a suit filed by a 40-year-old investor surnamed Guo who was seeking 70,000 yuan ($11,431) in damages. The court said it does not have jurisdiction over the case.

Now, attention is focused on the two cases that were filed at different Shanghai courts.