NEW YORK, Sept. 19, 2019 /PRNewswire/ -- Moore Kuehn,
PLLC, a securities law firm located on Wall Street in downtown
New York City, is investigating
potential claims involving the directors and officers regarding
possible breaches of fiduciary duties and other violations of law
related to whether these insiders, as alleged in federal securities
lawsuits, caused their companies to make false and/or misleading
statements and/or failed to disclose, among other things, that:
CBS Corporation (CBS)
(1) CBS executives, including the company's Chairman and Chief
Executive Officer, Leslie "Les" Moonves, had engaged in widespread
workplace sexual harassment; (2) CBS's enforcement of its own
purported policies was inadequate to prevent the foregoing conduct;
and (3) the foregoing conduct, when revealed, would foreseeably
subject CBS to heightened legal liability and impede the ability of
key CBS personnel to execute the company's business strategy.
Burford Capital Limited (BRFRF)
(1) Burford Capital has been manipulating its metrics, including
return on invested capital ("ROIC") and internal rate of return
("IRR"), to create a misleading picture of investment returns to
investors; and (2) these manipulations hid the fact that the
Company is at high risk for a liquidity crunch and is already
arguably insolvent.
On August 7, 2019, The Wall
Street Journal reported that "U.S. short-seller Muddy Waters
accused the litigation-finance firm Burford Capital Ltd. . . . of
poor governance and mismarking the value of legal cases it invests
in, wiping around 50% off the value of the U.K. firm's shares."
Textron, Inc. (TXT)
(1) end-market sales of Arctic Cat Inc. products were slowing,
resulting in a massive glut of old Arctic Cat inventory on dealers'
floors; and (2) in order to clear out this old inventory, Textron
provided significant price discounts, which negatively impacted
Textron's earnings.
If you own CBS, BRFRF, or TXT please contact Fletcher Moore, Esq. by email at
fmoore@moorekuehn.com or telephone at (212) 709-8245. There is
no cost or obligation to you. Moore Kuehn is a New York-based law firm with attorneys
representing investors and consumers in class action litigation
involving securities law violations, financial fraud, breaches of
fiduciary duties, and other claims. For additional information
about Moore Kuehn, please go to
http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
fmoore@moorekuehn.com
(212) 709-8245
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