Deals
Greenberg’s Starr Sues China MediaExpress, Alleging Fraud
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Starr International Co., a firm run by former American International Group Inc. Chief Executive Officer Maurice "Hank" Greenberg, sued China MediaExpress Holdings Inc. and its auditor Deloitte Touche Tohmatsu, saying it was fraudulently induced into investing about $13.5 million.
The suit from Starr Investments Cayman II Inc., filed in U.S. federal court in Delaware on March 18, says Hong Kong-based China MediaExpress misrepresented its business and finances. Chief Executive Officer Zheng Cheng and Chief Financial Officer Jacky Lam were also named in the suit. Lam quit this month.