Quimbee logo with url
From our private database of 14,500+ case briefs...

Paul v. China MediaExpress Holdings, Inc.

Court of Chancery of Delaware
2012 WL 28818 (2012)


Media reports alleged fraud by officers of China MediaExpress Holdings, Inc. (CME) (defendant), a Delaware corporation. The NASDAQ stock market stopped trading CME stock. CME’s independent auditor and three board members, including its chief financial officer (CFO), resigned, citing concerns about CME’s management and accounting practices. CME initiated an internal investigation. A CME investor brought an action in federal court against CME, the independent auditor, the CFO, and a director who resigned, alleging violations of state law and federal securities laws. While the federal action was pending, Marc Paul (plaintiff), a CME shareholder, sued CME in Delaware state court, requesting to inspect CME’s books and records under Del. Code tit. 8, § 220 to investigate fraud and mismanagement by CME. CME requested that the action be stayed, pending resolution of a motion filed in the federal court action to stay the state court action.

Rule of Law


Holding and Reasoning (Parsons, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 269,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,500 briefs, keyed to 195 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.