Mealey's Litigation Procedure - Judge Certifies Securities Class Action Against Chinese Media Company

NEW YORK - A group of plaintiffs alleging securities fraud by a Chinese television advertising firm have met the class certification requirements of Federal Rule of Civil Procedure 23, a New York federal judge found Aug. 15, granting a motion to certify the proposed class and denying a defendant's motion to strike the testimony of the plaintiffs' proffered market efficiency expert (Daniel McIntire, et al. v. China MediaExpress Holdings Inc., et al.; In Re China MediaExpress Holdings Inc. Shareholder Litigation, No. 1:11-cv-00804, S.D. N.Y.; 2014 U.S. Dist. LEXIS 113446).

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