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CBS Corporation

Case Summary

CBS Corporation Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 12/04/2018 (Ongoing date of last review)

Filing Date: August 27, 2018

Plaintiff's law firm issued a press release on August 27, 2018. According to the press release, CBS is a mass media company with operations in the entertainment, cable networks, publishing, and local media segments.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) CBS executives, including the Company’s Chairman and Chief Executive Officer, had engaged in widespread workplace sexual harassment at CBS; (ii) CBS’s enforcement of its own purported policies was inadequate to prevent the foregoing conduct; (iii) 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 (iv) as a result, CBS’s public statements were materially false and misleading at all relevant times.

On November 6, 2018, the Court issued an Order consolidating cases.

Company & Securities Information

Defendant: CBS Corporation

COMPANY INFORMATION:

Sector: Services
Industry: Broadcasting & Cable TV
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CBS
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Gene Samit, et al. v. CBS Corporation, et al.

COURT: S.D. New York
DOCKET #: 18-CV-07796
JUDGE: Hon. Naomi Reice Buchwald
DATE FILED: 08/27/2018
CLASS PERIOD START: 02/14/2014
CLASS PERIOD END: 07/27/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 08/27/2018
2 Order Consolidating 11/06/2018
3 Order Appointing Lead Plaintiff, and Approving Selection of Lead Counsel 11/30/2018
4 U.S. District Court Civil Docket 12/04/2018

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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