Can China MediaExpress Recover in Round Three?

Alfred Little submits:

China MediaExpress Holdings (NASDAQ: CCME) investors suffered nearly devastating losses last week as short sellers Citron Research and Muddy Waters LLC published back to back reports, nearly knocking CCME out in the second round by convincingly showing that CCME overstates its true earnings power.

In a new twist, Citron and Muddys aggressive claims are now being challenged by the respected Boston class action law firm Shapiro Haber & Urmy LLP, who seeks to determine (full text here):

Whether statements in those research reports were materially false and misleading at the time they were made. Specifically, the investigation seeks to determine, among other things, whether the research reports improperly mischaracterized numerous aspects of the

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