China MediaExpress Holdings Inc.

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.

China MediaExpress Holdings Inc.

Postby Number Six » Sun Feb 06, 2011 7:15 pm

A couple of law firms launched suits agains China MediaExpress Holdings Inc. just before the Chinese New Year:

BusinessWire

Robbins Geller Rudman & Dowd LLP ("Robbins Geller") (http://www.rgrdlaw.com/cases/chinamedia/) today announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of China MediaExpress Holdings, Inc. ("China MediaExpress" or the "Company") (NASDAQ:CCME) securities between November 8, 2010 and February 3, 2011, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Samuel H. Rudman or David A. Rosenfeld of Robbins Geller at 800/449-4900 or 619/231-1058, or via e-mail at djr@rgrdlaw.com. If you are a member of this Class, you can view a copy of the complaint as filed or join this class action online at http://www.rgrdlaw.com/cases/chinamedia/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges China MediaExpress with violations of the Exchange Act. China MediaExpress provides television advertising network on inter-city express buses in China.

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.

Plaintiff seeks to recover damages on behalf of all purchasers of China MediaExpress securities during the Class Period (the "Class"). The plaintiff is represented by Robbins Geller, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Robbins Geller, a 180-lawyer firm with offices in San Diego, San Francisco, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Robbins Geller Web site (http://www.rgrdlaw.com) has more information about the firm.

SOURCE: Robbins Geller Rudman & Dowd LLP

Robbins Geller Rudman & Dowd LLP Samuel H. Rudman, 800-449-4900 David A. Rosenfeld djr@rgrdlaw.com


And this one:

BusinessWire

The law firm of Federman & Sherwood has initiated an investigation into China MediaExpress Holdings, Inc. (NASDAQ: CCME) ("CCME") with respect to potential violations of federal securities laws.

It is believed that CCME has been engaging in a massive "pump" and dump" scheme, whereby it significantly inflates its earnings and revenues through a series of materially false and misleading statements and announcements in order to enrich its management. The company has also issued announcements as to its future business prospects and ventures, which have proven to be false.

If you purchased common stock in China MediaExpress Holdings, Inc. between March 31, 2009 and February 1, 2011, and wish to discuss this action, or have any questions or concerns regarding this notice or preservation of your rights, please contact our firm. Federman & Sherwood has extensive experience representing investors in securities, derivative and merger-related shareholder class actions.

SOURCE: Federman & Sherwood

Federman & Sherwood William B. Federman, 405-235-1560 wbf@federmanlaw.com http://www.federmanlaw.com


This created a great deal of anger by the company which is trying to defend itself against what they regard as completely false and fraudulent charges:

http://investorshub.advfn.com/boards/bo ... d_id=16418

Stay tuned and watch the CCME stock reflect investor confidence or mistrust during the trading hours during this week.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
User avatar
Number Six
Hereditary Margrave of Mooloosia
 
Posts: 977
Joined: Fri Aug 29, 2008 7:35 pm
Location: Connecticut, "The Constitution State"

Re: China MediaExpress Holdings Inc.

Postby wserra » Sun Feb 06, 2011 9:09 pm

Number Six wrote:On February 3, 2011, Muddy Waters Research initiated coverage on China MediaExpress with a strong sell rating on China MediaExpress stock.


Better listen. They got their mojo workin'.
"A wise man proportions belief to the evidence."
- David Hume
User avatar
wserra
Quatloosian Federal Witness
 
Posts: 5049
Joined: Sat Apr 26, 2003 7:39 pm

Re: China MediaExpress Holdings Inc.

Postby Hundredwaters » Wed Feb 09, 2011 5:33 am

Can you tell my what you mean by they have their mojo working... As in do you have clear evidence of these claims - most appear to be well-refuted on the internet...
Hundredwaters
 

Re: China MediaExpress Holdings Inc.

Postby bmielke » Wed Feb 09, 2011 4:45 pm

Hundredwaters wrote:Can you tell my what you mean by they have their mojo working... As in do you have clear evidence of these claims - most appear to be well-refuted on the internet...


Muddy Waters was a blues great, he was inducted in the Rock and Roll Hall of Fame as an influence.
bmielke
 

Re: China MediaExpress Holdings Inc.

Postby Number Six » Wed Feb 09, 2011 6:14 pm

The company made a rebuttal of the law firms' accusations. Let's watch the outcome.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
User avatar
Number Six
Hereditary Margrave of Mooloosia
 
Posts: 977
Joined: Fri Aug 29, 2008 7:35 pm
Location: Connecticut, "The Constitution State"

Re: China MediaExpress Holdings Inc.

Postby notorial dissent » Wed Feb 09, 2011 7:31 pm

This could be interesting in the watching a train wreck sense.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.
User avatar
notorial dissent
A Balthazar of Quatloosian Truth
 
Posts: 5830
Joined: Mon Jul 04, 2005 8:17 pm

Re: China MediaExpress Holdings Inc.

Postby Number Six » Sun Feb 13, 2011 6:38 pm

More law firms jumped on the case against CCME this week as the loyal longs held on to their shares. With Deloitte and Touche auditing their books, many investors have felt secure with hold the stock. Is it a case of "where there is smoke there must be fire" or of arson? The jury is still out but if actionable discrepancies are found in the company's filings you can be sure the PPS will continue to fall.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
User avatar
Number Six
Hereditary Margrave of Mooloosia
 
Posts: 977
Joined: Fri Aug 29, 2008 7:35 pm
Location: Connecticut, "The Constitution State"

Re: China MediaExpress Holdings Inc.

Postby Number Six » Sun Feb 13, 2011 7:12 pm

This from an honest chart analyst at the IHub board, who caught the "Supatcha Resources" scam far before the stock became a smoldering pit:

Lowtrade:
"I use to sell top of the mind awareness advertising during my corporate ladder climbing days and have no idea which fundamental parameter "relative performance" is.

We measured company performance on year over year billing increase and the market measures it with PE on the EPS. "relative performance" is just a term talking heads use to justify their personal opinion, when they have no numbers to justify that felling. IMO


Quote:
--------------------------------------------------------------------------------
Below are the top five companies in the Advertising industry as measured by relative performance.
--------------------------------------------------------------------------------



Means squat IMO. The chart shows another failed chart pattern. The cup & handle. Also as I recall the ad industry is not that hot now.
http://stockcharts.com/h-sc/ui?s=CCME&p ... 7411407396

IMO if your holding, find an exit on any pop available."
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
User avatar
Number Six
Hereditary Margrave of Mooloosia
 
Posts: 977
Joined: Fri Aug 29, 2008 7:35 pm
Location: Connecticut, "The Constitution State"

Re: China MediaExpress Holdings Inc.

Postby Number Six » Sat Mar 19, 2011 4:42 pm

Trading was halted on CCME last week about the time Deloitte resigned as the company's auditor--never a good sign.

http://www.reuters.com/article/2011/03/ ... 1M20110314
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
User avatar
Number Six
Hereditary Margrave of Mooloosia
 
Posts: 977
Joined: Fri Aug 29, 2008 7:35 pm
Location: Connecticut, "The Constitution State"

Re: China MediaExpress Holdings Inc.

Postby notorial dissent » Sun Mar 20, 2011 1:24 am

And you just know you're in real trouble when Touche fires you.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.
User avatar
notorial dissent
A Balthazar of Quatloosian Truth
 
Posts: 5830
Joined: Mon Jul 04, 2005 8:17 pm


Return to THE DILIGIZER BOARD -- Securities Fraud -- Due Diligence in Finance

Who is online

Users browsing this forum: itzallgone and 0 guests