Investors Take CBS Fraud Action To 2nd Circ.

Law360, New York (June 23, 2011, 7:12 PM EDT) -- Omaha, Neb., and other investors on Wednesday appealed to the Second Circuit the dismissal of a putative fraud class action claiming CBS Corp. delayed taking an impairment charge against its assets for the personal benefit of Chairman Sumner Redstone.

The appeal came a month after U.S. District Judge P. Kevin Castel threw out the suit in New York for a second time, awarding final judgment to CBS and Redstone, as well as CEO Leslie Moonves and two other individual defendants.

"While the amended pleading sets forth...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

City of Omaha et al v. CBS Corporation et al


Case Number

1:08-cv-10816

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

P. Kevin Castel

Date Filed

December 11, 2008

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.