China MediaExpress Holdings, Inc. - Securities Class Action

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Stanford Law School

China MediaExpress Holdings, Inc. Summary: According to a press release dated February 04, 2011, the complaint alleges that, throughout the Class Period, defendant failed to disclose material adverse facts about the Company’s true financial condition, business and prospects. Specifically, the complaint alleges that defendant’s statements were materially false and misleading because they misrepresented and overstated the financial condition of the Company.

On February 3, 2011, Muddy Waters Research initiated coverage on China MediaExpress with a strong sell rating on China MediaExpress stock. In its report, Muddy Waters questioned the accuracy of many of the Company’s statements and the quality of the Company’s earnings.

In response to the report, the price of China MediaExpress securities declined substantially, falling from $16.61 per share to $11.09 per share on extremely heavy trading volume.

On April 4, 2011, the Court ordered that two cases be consolidated under the lower number case, 11 Civ. 0804.

On April 15, 2011, Judge Victor Marrero directed the Clerk of Court to consolidate the three cases under a single consolidated action, 11 Civ. 0804.

According to the Order signed by Judge Victor Marrero on June 7, 2011, class members, Irrevocable Trust FBO Lansing Davis under agreement dated 10/1/1979 and the Davis Partnership LP (collectively the "Davis Entities"), are appointed to serve as Lead Plaintiffs. Class members, John and Jennifer Houghton, Ethan Lamar Pierce and Susan Shaffer (collectively the "CME Investor Group) are appointed as additional interim representative plaintiffs. The law firm Hagens Berman Sobol Shapiro LLP is appointed Lead Counsel for the Davis Entities in the action. The law firm Cohen Milstein Sellers & Toll PLLC is appointed interim co-counsel for the putative class in the action.

On October 25, 2011, lead plaintiffs filed an Amended and Consolidated Complaint, adding claims and individual defendants to the action.

INDUSTRY CLASSIFICATION:
SIC Code: 7310
Sector: Services
Industry: Advertising

COMPANY/ISSUER NAME:	China MediaExpress Holdings, Inc.
COMPANY/ISSUER TICKER:	CCME
COMPANY WEBSITE:

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Daniel McIntire, et al. v. China MediaExpress Holdings, Inc., et al.

COURT: S.D. New York	DOCKET NUMBER: 11-CV-00804
JUDGE NAME: Hon.Victor Marrero
DATE FILED: 02/04/2011	SOURCE:
CLASS PERIOD START: 11/08/2010	CLASS PERIOD END: 02/03/2011
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Holzer Holzer & Fistel, LLC (Atlanta) 200 Ashford Center North, Suite 300, Atlanta, GA, 30338 (voice) 770.392.0090, (fax) 770.392.0090, Law Offices of Jeffrey A. Berens, LLC 8691 East 26th Avenue, Denver, CO, 80238-2549 (voice) 303.378.8332, (fax) 303.395.0393, Robbins Geller Rudman & Dowd LLP (Melville) 58 South Service Road, Suite 200, Melville, NY, 11747 (voice) 631.367.7100, (fax) 631.367.1173, _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Complaint - Demand for Jury Trial
Type: Complaint		Date on the document: 02/04/2011
Order
Type: Order of Consolidation		Date on the document: 04/04/2011
Order
Type: Order		Date on the document: 04/15/2011
Amended And Consolidated Complaint
Type: Other		Date on the document: 10/24/2011

REFERENCE COMPLAINT

Daniel McIntire, et al. v. China MediaExpress Holdings, Inc., et al.

COURT: S.D. New York	DOCKET NUMBER: 11-CV-00804
JUDGE NAME:
DATE FILED: 10/25/2011	SOURCE:
CLASS PERIOD START: 10/05/2009	CLASS PERIOD END: 03/11/2011
TYPE OF COMPLAINT: First Amended and Consolidated
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Cohen Milstein Sellers & Toll PLLC (New York) 88 Pine Street, 14th Floor, New York, NY, 10022 (voice) 212.838.7797, (fax) 212.838.7797, Hagens Berman Sobol Shapiro LLP (New York) One Penn Plaza, 36th Floor, New York, NY, 01119 (voice) 212.752.5455, (fax) 212.752.5455, info@hbsslaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE REFERENCE COMPLAINT
U.S. District Court Civil Docket
Type: Docket		Date on the document: 12/06/2011

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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