Focus Media Holding Limited (2011)
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Focus Media Holding Limited (2011) Securities Settlement
The lawsuit was settled for $3.7 million in cash. The following is a summary of the proceedings in this lawsuit: ‘This lawsuit alleges that the Focus Media and the Individual Defendants misrepresented or omitted material information regarding certain Company acquisitions, write-downs and divestitures of assets, valuations of Company subsidiaries, and the Company description of its LCD advertising network and certain related operating data’