Energy News / Shareholders Foundation, Inc.

NYSE:CBS Shareholder Notice: Lawsuit Alleges Misleading Statements by CBS Corporation

Via: ReleaseWire

Updated 12:15 PM CDT, Wed, September 05,2018

A lawsuit was filed on behalf of investors in CBS Corporation (NYSE: CBS) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 09/05/2018 -- An investor, who purchased shares of CBS Corporation (NYSE: CBS), filed a lawsuit i over alleged Securities Laws violations of Federal by CBS in connection with certain allegedly false and misleading statements.

Investors who purchased shares of CBS Corporation (NYSE: CBS) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 27, 2018, media outlets reported that The New Yorker would shortly publish an article detailing allegations of sexual misconduct by CBS chairman and chief executive officer Leslie Moonves. That same day, CBS Corporation announced that it will investigate the allegations against Moonves, stating that "[a]ll [allegations] of personal misconduct are to be taken seriously."

The plaintiff claims that between February 14, 2014, through July 27, 2018, the Defendants made false and/or misleading statements and/or failed to disclose thatCBS executives, including the Company's Chairman and Chief Executive Officer, Leslie "Les" Moonves, had engaged in widespread workplace sexual harassment at CBS, that CBS's enforcement of its own purported policies was inadequate to prevent the foregoing conduct, that the foregoing conduct, when revealed, would foreseeably subject CBS to heightened legal liability and impede the ability of key CBS personnel to execute the Company's business strategy, and that as a result, CBS's public statements were materially false and misleading at all relevant times.

Those who purchased shares of CBS Corporation (NYSE: CBS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysecbs-shareholder-notice-lawsuit-alleges-misleading-statements-by-cbs-corporation-1042607.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com