Iron Workers Mid-South Pension Fund v. Focus Media Holding Limited et al

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Case Number:

3:13-cv-00827

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Jon S. Tigar

Firms

Companies

Sectors & Industries:

  1. March 27, 2013

    Focus Media Investor Drops Challenge To $3.7B Buyout

    Removing a potential obstacle in the way of Focus Media Holding Ltd.'s proposed $3.7 billion go-private deal, a pension fund on Tuesday dropped a shareholder class action alleging the buyout offer led by Carlyle Group LP undervalued the Chinese digital advertising agency.

  2. March 20, 2013

    Focus Media Says It's Exempt From Suit Over $4B Carlyle Deal

    Chinese advertising giant Focus Media Holding Ltd. on Tuesday blasted a proposed class action seeking to block a shareholder vote on the company's proposed $3.7 billion take-private deal with The Carlyle Group LP, arguing certain provisions of the Securities Exchange Act don't apply to foreign issuers.

  3. March 14, 2013

    Judge Asked To Put Brakes On $3.7B Carlyle Deal Vote

    A pension fund shareholder of Focus Media Holding Ltd. on Wednesday asked a California federal judge to bar Focus Media from holding a shareholder vote on its proposed $3.7 billion take-private deal with The Carlyle Group LP because the media firm provided misleading deal information in a January proxy statement.

  4. February 26, 2013

    Focus Media Investor Sues Over $3.7B Carlyle-Led Buyout

    A pension fund took aim at Focus Media Holdings Ltd.'s proposed $3.7 billion go-private deal on Friday, claiming the Chinese digital advertising agency's CEO pushed through a lowballed buyout offer led by Carlyle Group LP to secure his personal fortune at shareholders' expense.

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