M as , ▁a ▁Spanish ▁I SP . ▁E res M as ▁was ▁then ▁sold ▁to ▁a ▁unit ▁of ▁France ▁Tele com , ▁Internet ▁subs idi ary ▁W an ado o , ▁ 1 0 ▁days ▁later ▁for ▁$ 2 5 5 ▁million ▁eu ros . ▁E res M as ' ▁new ▁leadership ▁of ▁the ▁Latin ▁Internet ▁( through ▁the ▁purchase ▁of ▁Star Media ▁the ▁previous ▁week ) ▁was ▁c ited ▁by ▁France ▁Tele com ▁as ▁the ▁reason ▁for ▁the ▁ac quisition . ▁ ▁Esp uel as ▁writes ▁in ▁Life ▁in ▁Action : ▁" B ecause ▁I ▁believed ▁in ▁our ▁company ▁and ▁our ▁mission , ▁I ▁had ▁never ▁sold ▁a ▁single ▁Star Media ▁share ▁or ▁stock ▁option . ▁I ▁personally ▁lost ▁close ▁to ▁$ 5 0 0 ▁million ." ▁ ▁In ▁ 2 0 0 6 , ▁the ▁U . S . ▁Sec ur ities ▁and ▁Exchange ▁Commission ▁su ed ▁Esp uel as ▁and ▁the ▁rest ▁of ▁Star Media ' s ▁senior ▁executive ▁team ▁alleg ing ▁in ▁a ▁civil ▁law suit ▁that ▁the ▁account ing ▁treatment ▁of ▁a ▁certain ▁transaction ▁rel ating ▁to ▁Star Media ' s ▁Mexican ▁subs idi aries ▁did ▁not ▁meet ▁G A AP ▁account ing ▁standards . ▁The ▁civil ▁law suit ▁rel ates ▁to ▁account ing ▁dec isions ▁made ▁by ▁Star Media ▁and ▁its ▁outside ▁account ing ▁firm ▁Ernst ▁& ▁Young , ▁and ▁approved ▁by ▁the ▁St arm edia ▁Board ▁of ▁Direct ors ' ▁Aud it ▁Committee ▁in ▁ 1 9 9 9 ▁and ▁ 2 0 0 0