OKLAHOMA CITY--(BUSINESS WIRE)--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.