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Re: Koufax post# 32671

Tuesday, 06/14/2011 10:55:50 AM

Tuesday, June 14, 2011 10:55:50 AM

Post# of 34471
Looks like this is just first step.

Expecting Starr will use DTT findings as the fact to support their case (since they can't use MW,Citron's), CCME hired DLA Piper for that purpose. Of course CCME will not throw in new facts until Starr makes its move. Two possibilities can be in CCME long's favor even without formal PR or SEC filings.

1. If Starr uses DTT finding as evidence, CCME has to refute with positive DLA piper's finding, which must validate bank statement including cash balance via KPMG.
2. If Starr uses other facts such as SAIC or SAT, which Chiming Song acquired via Qingdao-direct, likely CCME will have to defend with "true" financial report.

Either way it depends on Starr's facts to support its case.

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