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CBS.US
id: 279
S.D. New York
Court
29 Nov 2017
Class period Start
27 Jul 2018
Class period End
19 Sept 2022
Claim deadline
Construction Laborers Pension Trust for Southern California, et al. v. CBS Corporation.
"In general, Lead Plaintiff alleges that Defendants and former defendants Joseph R. Ianniello, Lawrence Liding, David Rhodes, David R. Andelman, Joseph A. Califino Jr., William S. Cohen, Gary L. Countryman, Charles K. Gifford, Leonard Goldberg, Bruce S. Gordon, Linda M. Griego, Robert N. Klieger, Martha L. Minow, Doug Morris and Shari Redstone (collecively, the “Former Defendants”) violated Sections 10(b) and 20(a) of the Exchange Act. More specifically, Lead Plaintiff alleges that throughout the putative class period, September 26, 2016 through December 4, 2018, inclusive, Defendants and Former Defendants made numerous materially false and misleading statements and/or failed to disclose adverse information regarding the Company’s policies and corporate governance, the importance of key personnel, including Moonves, and other statements made to news media, which caused the price of the Company’s Class B common stock to trade at artificially inflated prices, until the market learned of the false and misleading nature of the statements, and the Company’s stock price significantly declined."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Construction Laborers Pension Trust for Southern California
Attorneys
Robbins Geller Rudman & Dowd LLP
Judge
Hon. Naomi Reice Buchwald
Administrator
Gilardi & Co LLC
Court hearing date
03 November 2022
Trades matching type
FIFO
+$14,750,000
Total Settlement Amount

CBS Corporation

CBS Corporation operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes ...

    Ticker
    CBS.US
    ISIN
    US1248572026
    CIK
    0000106413
    Sector
    Communication Services
    Industry
    Entertainment
    Country
    USA
    Address
    51 West 52nd Street, New York, NY, United States, 10019