China Century Dragon Media, Inc. (AMEX: CDM)

A class action has been filed in the United States District Court for the Central District of California on behalf of investors who purchased the securities of China Century Dragon Media, Inc. (AMEX: CDM) from February 8, 2011 to March 26, 2011, seeking to recover damages for violations of federal securities laws.

The Complaint asserts violations of the federal securities laws against China Century, its officers and directors, and certain underwriters for issuing materially false and misleading information in the Company's public offering documents. On March 28, 2011 the Company issued an announcement revealing that its auditor MaloneBailey LLP ("MB") had resigned and that MB had withdrawn its prior audit opinions of the Company's financial statements contained in the offering documents. MB informed the Company that "due to discrepancies noted on customer confirmations and the auditor's inability to directly verify the Company's bank records, they believe these irregularities may be an indication that the accounting records have been falsified, which would constitute an illegal act." As a result, MB "is unable to rely on management's representations as they relate to previously issued financial statements and it can no longer support its opinions related to the financial statements as of December 31, 2009 and 2008." The announcement also revealed that the Company was subject to a formal investigation by the SEC into whether "the Company had made material misstatements or omissions concerning its financial statements, including cash accounts and accounts receivable." Since March 21, 2011 trading in the Company's stock has been halted, rendering the Company's stock illiquid and damaging investors.

If you are a current shareholder and purchased during the period February 8, 2011 to March 26, 2011 and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

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