Focus Media Fair Fund Distribution Agent Announces Notice of Distribution Plan

NEW YORK, March 6, 2018 /PRNewswire/ --

UNITED STATES OF
AMERICA Before the
SECURITIES AND
EXCHANGE COMMISSION

Administrative Proceeding File No.
3-16852

In the Matter of Focus Media Holding Limited and Jason Jiang

SUMMARY NOTICE RE:  FOCUS MEDIA HOLDING LIMITED

PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.  IF YOU SATISFY THE ELIGIBILITY CRITERIA, YOU MAY BE ENTITLED TO A RECOVERY FROM THE DISTRIBUTION FUND.  THIS NOTICE CONTAINS IMPORTANT INFORMATION REGARDING YOUR ELIGIBILITY.

Background

On September 30, 2015, the Commission issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing a Cease-and-Desist Order ("Order")1 against Respondents. The Commission determined that Focus Media and its founder and Chief Executive Officer Jiang failed to disclose accurate information concerning Focus Media's partial sale of securities in its wholly-owned subsidiary Allyes Online Media Holdings Ltd. ("Allyes") to certain Allyes and Focus Media insiders and Focus Media sold their interests in Allyes to a private equity firm based on a valuation nearly six times the valuation that had been used to determine the price the Allyes and Focus Media insiders had paid. The Order required Respondents to pay a total of $55,627,865.43 in disgorgement, prejudgment interest, and civil money penalties to the Commission and created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, as amended ("Fair Fund").

Who is Eligible?

If you held Focus Media ADS shares (FMCN) as of March 16, 2010 or purchased them between March 17, 2010 and July 29, 2010, you may be entitled to receive a monetary payment from the Focus Media Distribution Fund. Claim form must be postmarked no later than 11:59p.m. on June 20, 2018. If you need assistance in completing the claim form or if you have questions, please contact the Fund Administrator at 866-736-4380 or visit https://focusmediadistributionfund.com

Obtaining a Distribution Plan Notice and Proof of Claim Form

In order to be eligible for a recovery, you must submit a completed claim form on or before the claims deadline. You may download and print the Proof of Claim form from the website at https://focusmediadistributionfund.com/, under the Court Documents tab, or request that Analytics, the Distribution Agent, mail you a Proof of Claim form by sending an email to [email protected] or by calling the Fund Administrator toll free at 866-736-4380 to request a claim form. You must complete the Proof of Claim Form completely, sign it, include copies of all required supporting documentation, and return the completed form to:

Focus Media Fair Fund 
c/o Analytics Consulting LLC
P.O. Box 2002
Chanhassen, MN 55317-2002

Additional Information

This notice provides only summary information regarding the action. We strongly recommend that you read the Distribution Plan, including the Plan of Allocation, and other relevant case documents in their entirety for more complete details.

For more information on the Fair Fund, to review relevant case documents, including the Distribution Plan, or for assistance in completing a Proof of Claim Form, visit the Distribution website at https://focusmediadistributionfund.com/, call the dedicated toll-free number at 866-736-4380 or send an email inquiry to [email protected]

SOURCE Analytics Consulting, LLC