NEW ORLEANS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24CBS&src=ctag” target=”_blank”gt;$CBSlt;/agt; lt;a href=”https://twitter.com/hashtag/CBS?src=hash” target=”_blank”gt;#CBSlt;/agt;–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF continues its investigation into CBS Corporation (NYSE: CBS).
Beginning in November 2017, news reports revealed claims of sexual
harassment and lewd conduct by veteran CBS anchor Charlie Rose toward
numerous female employees dating back decades up to 2017, which CBS
executives knew of but failed to take adequate measures to prevent. In
July 2018, media reports exposed sexual harassment claims against CEO
Leslie Moonves for conduct spanning the 1980s and mid-2000s including
forcible touching or kissing and threats of career sabotage, all largely
ignored by CBS. Subsequent reports further detailed a widespread culture
of sexual harassment at CBS, ignored or even suppressed by executives,
including three six-figure settlements with employees.
The Company’s actions, directed by its executives, have exposed it to
significant litigation and expense including an ongoing securities class
action lawsuit for failing to disclose material information to investors
regarding the above conduct, violating federal securities laws.
Recently, the lawsuit’s allegations were expanded to include that
Moonves and other executives had sold over 3.4 million shares of CBS
stock before the claims went public, totaling over $200M in proceeds.
KSF’s investigation is focusing on whether CBS officers and/or directors
breached their fiduciary duties to CBS shareholders or otherwise
violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of CBS shares and would like to discuss
your legal rights, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org),
or visit https://www.ksfcounsel.com/cases/nyse-cbs/
to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner