The settlement class includes all Persons who purchased CCME common stock and/or call options, and/or sold put options between April 1, 2010 and March 11, 2011, inclusive, except those persons and entities that are excluded, as described in the settlement notice item #6.

September 18, 2015 - The court held a final settlement hearing, approved the settlement and the plan of allocation, also entered the order approving the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.

May 7, 2015 - The court preliminarily approved the settlement.

May 5, 2015 - Parties filed a stipulation of settlement.

February 28, 2013 - The court granted the motions to dismiss filed on January 31 and February 6, 2012 and denied the motions to dismiss filed on March 15 and May 18, 2012.

May 18, 2012 - An additional motion to dismiss was filed.

March 15, 2012 - Another motion to dismiss was filed.

February 6, 2012 - Additional motions to dismiss were filed.

January 31, 2012 - The defendants filed a motion to dismiss.

October 25, 2011 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased China MediaExpress Holdings Inc (NASDAQ: CCME) shares between October 5, 2009 and March 11, 2011. The lead plaintiff alleges that the defendants violated the Securities Act of 1934 by issuing false and misleading statements between October 5, 2009 and March 11, 2011.

June 7, 2011 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

April 15, 2011 - Another case was consolidated.

April 5, 2011 - Lead plaintiff motions were filed.

April 4, 2011 - Two cases were consolidated.

February 4, 2011 - An investor in shares of China MediaExpress Holdings Inc (NASDAQ: CCME now trading on the OTC sheets as OTC: CCME) has filed a lawsuit in the U.S. District Court for the Southern District of New York against China MediaExpress Holdings Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 8, 2010 and February 3, 2011.

According to the complaint the plaintiff alleges on behalf of purchasers of China MediaExpress Holdings Inc (NASDAQ: CCME) securities between November 8, 2010 and February 3, 2011, that China MediaExpress Holdings Inc violated the Securities Exchange Act of 1934 by failing between November 8, 2010 and February 3, 2011, to disclose material adverse facts about its true financial condition, business and prospects. Specifically, the class action complaint alleges that defendant’s statements were materially false and misleading because they misrepresented and overstated the financial condition of China MediaExpress Holdings Inc. China MediaExpress Holdings Inc reported $25.84 million 12 months Total Revenue in 2007, $63 milllion in 2008 and $95.93 million in 2009. Its Net Income went over the same time period from $6.97 million, $26.37 million, $41.71 million. For the first three quarters in 2010 China MediaExpress Holdings Inc reported a combined nine months Total Revenue of $154.99 million thus succeeding its 12 months Total Revenue in 2009. China MediaExpress Holdings Inc also succeed with a combined nine months Net Income of $77.77 million for the first three quarters in 2010 its 12 months Net Income of 2009. Shares of China MediaExpress Holdings Inc (NASDAQ: CCME) rose from as low as under $9 per share in July 2010 to almost $23 per share in the end of January 2011.

But on January 31, 2011, analyst firm Citron Research issued a report alleging that China Media Express Inc misrepresented its financial performance, business prospects, and financial condition to investors. The Citron Research report concluded that China MediaExpress Holdings Inc “does not exist at the scale that they are reporting to the investing public.” Then on Thursday February 3, 2011, shares of China MediaExpress Holdings Inc (NASDAQ: CCME) sank 33% percent after analyst firm Muddy Waters issued a research report, echoing Citron Research's allegations of fraud. Both reports assert that China MediaExpress Holdings Inc’s revenues were substantially overstated and that China MediaExpress Holdings Inc exaggerated the extent of its business operations. The company had rebutted those claims in a statement on Tuesday.