Starr files lawsuit against CCME
If it wasn't over before, it certainly is now. Remember, in the future when analysing possible fraud, don't take a "reputable" investor to be solid proof of a company's legitimacy. Both Carlyle at China Agritech and Starr got burned by their failure to do good due diligence. To those who were using Starr's alleged due diligence as an excuse to not do their own when the shorts launched their correct lines of attack against CCME -- cut it out. Ignoring due diligence will always get you (and other investors that listen to you) in trouble.
To all investors, even if you had no part in CCME, I urge that you study it closely. It is the anatomy of a near-perfectly constructed fraud -- if you can identify a CCME in advance, you will not fall more many frauds as CCME was better run than most.