Robbins Umeda LLP Announces an Investigation of Focus Media Holding Limited

  Robbins Umeda LLP Announces an Investigation of Focus Media Holding Limited

Business Wire

SAN DIEGO -- August 15, 2012

Shareholder rights firm Robbins Umeda LLP has commenced an investigation into
possible breaches of fiduciary duty and other violations of the law by members
of the board of directors of Focus Media Holding Limited (NASDAQ: FMCN) in
connection with their actions in relation to a non-binding proposal letter
from affiliates of FountainVest Partners, The Carlyle Group, CITIC Capital
Partners, CDH Investments, and China Everbright Limited, and Mr. Jason Nanchun
Jiang, Chairman of the Board and Chief Executive Officer of Focus Media, and
his affiliates (collectively, the "Consortium Members") that proposes a
going-private transaction. Concerned shareholders who would like more
information about their rights and potential remedies can contact attorney
Gregory E. Del Gaizo at (800) 350-6003, info@robbinsumeda.com, or via the
shareholder information form on the firm's website.

On August 13, 2012, Focus Media announced that on August 12, 2012, it had
received a proposal for a going-private transaction from the Consortium
Members. Under the terms of the proposal, Focus Media shareholders would
receive $27.00 in cash for each American depository share ("ADS"), or $5.40 in
cash per ordinary share.

Robbins Umeda LLP's investigation focuses on whether the board of directors at
Focus Media is undertaking a fair process to fully consider the proposal by
the Consortium Members and obtain maximum value to adequately compensate its
shareholders. Notably, there are eight analyst price targets for Focus Media
that are higher than the current offer of $27.00 per ADS, with Riedel Research
Group maintaining a price target of $46.00 since June 6, 2012. Of further
concern is whether the board of directors of Focus Media is acting for their
own benefit in light of the fact that Mr. Jiang, Chairman of the Board and
Chief Executive Officer of Focus Media, is part of the Consortium seeking to
take Focus Media private.

Robbins Umeda LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. For more information, please go
to http://www.robbinsumeda.com.

Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/focus-media-holding-limited/

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:

Robbins Umeda LLP
Gregory E. Del Gaizo
619-525-3990 or Toll Free 800-350-6003
info@robbinsumeda.com
www.robbinsumeda.com