Published: February 04, 2011
Robbins Geller Rudman & Dowd LLP Files Class Action Suit against China MediaExpress Holdings, Inc.
NEW YORK - (BUSINESS WIRE) - 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.

Robbins Geller Rudman & Dowd LLP
Samuel H. Rudman, 800-449-4900
David
A. Rosenfeld
djr@rgrdlaw.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News