Starr Adds American Promoters To Chinese Stock Suit

Law360, New York (July 6, 2011, 8:09 PM EDT) -- Starr International Co. Inc., an investment firm run by former American International Group Inc. CEO Hank Greenberg, added the American promoters of a Chinese advertising company to a Delaware suit Tuesday, claiming their fraudulent statements induced Greenberg to invest $13.5 million in the company.

The amended complaint names three executives of TM Entertainment & Media Inc. — the company that acquired Hong Kong Mandefu Holdings Ltd. in an October 2009 reverse merger deal to form China MediaExpress Holdings Inc. — who claimed to have done due...
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