Replies to post #30605 on China MediaExpress Holdings, Inc. (fka CCME)

[bullmarkets]

Loeb owes no duty to shareholders. CCME is Loeb's client. Loeb only owes a duty to CCME. This can include CCME officers. Where there is a conflict of interest between CCME and its officers is Loeb's problem to sort out. That's partly why a different law firm is brought in (DLA Piper) to represent CCME's Independent Directors.

-Andrew