Replies to post #28362 on China MediaExpress Holdings, Inc. (fka CCME)

[martych]

Whatever liability DTT owns in the story will be determined by the lawsuit/settlement process. However, their forcing a public dissemination of their disengagement and withdrawal of reliance upon their association is an attempt to limit their liability going forward. It's meaningless for investor activities to date but does impact any claims for damages going forward. Say for instance that the stock opens at $10 eventually trades up to $12 before dropping to $3. Anyone attempting to recover damages from them for losses will likely have little grounds for losses below the $10-12 range now that they have been put on notice that DTT is not standing behind their earlier opinion.

[Ben549]

they get out of liability on previous work "if" they were victims of fraud, taking into consideration standard auditing procedures and whether they were followed, whether they acted as a "reasonable" auditor in the circumstances...;....just my opinion!