An investigation for investors in CBS Corporation (NYSE: CBS) shares over potential securities laws violations by CBS was announced.
San Diego, CA -- (SBWIRE) -- 08/15/2018 -- An investigation was announced over potential securities laws violations by CBS Corporation and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of CBS Corporation (NYSE: CBS), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by CBS Corporation (NYSE: CBS regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York, based CBS Corporation operates as a mass media company worldwide. CBS Corporation reported that its annual Total Revenue rose from over $13.16 billion in 2016 to over $13.69 billion in 2017 and that its Net Income declined from over $1.26 billion in 2016 to $357 million in 2017.
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."
Shares of CBS Corporation (NYSE: CBS) declined on July 30, 2018 to as low as $50.91 per share.
Those who purchased shares of CBS Corporation (NYSE: CBS) have certain options and should contact the Shareholders Foundation.
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