Pomerantz LLP is investigating claims on behalf of investors of CBS Corporation ("CBS" or the "Company"). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether CBS and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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 announced that it will investigate the allegations against Moonves, stating that "[a]ll [allegations] of personal misconduct are to be taken seriously." On this news, CBS's stock price fell $3.52, or 6.12%, to close at $54.01 on July 27, 2018.