Focus Media (FMCN) Denies Muddy Waters' Allegations 'Entirely,' Says Claims Already Disclosed, to Recommend Third Party Investigation

November 22, 2011 8:07 AM EST
Coming from the Focus Media (Nasdaq: FMCN) conference call discussing Monday's Muddy Waters report:
  • claims in the report have already been disclosed
  • denies allegations "entirely"
  • info in the report is misrepresented
  • the LCD screen allegations are "unfounded"
  • to recommend a third part investigates claims


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