Replies to post #30342 on China MediaExpress Holdings, Inc. (fka CCME)

[holycr-p]

Imagine this being setup by Starr to get "Muddy and the gang" to declare under oath that everything is pure speculation to get a profit from the falling stock price...

Very unlikely...

[bullmarkets]

cfgjr:

The allegations are used to justify a case being brought (without appearing frivolous while making specific allegations that satisfy federal rules about pleading fraud) during which the Judge can then order discovery into the company itself that goes well beyond the original claims by Block (which, depending on what's revealed, could become superfluous in light of potential evidence shared in discovery).

BTW, CCME could sue MW directly, etc. and get discovery too in a separate action if they are able to meet due process standards to commence such a suit, if they have a substantive claim, (and if they so desired).

-Andrew