WASHINGTON, Dec. 16, 2008 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating potential shareholder claims in connection with a recent announcement by CBS Corporation ("CBS" or the "Company") (NYSE:CBS) that it expects to incur a non-cash impairment charge of approximately $14 billion, in the third quarter of 2008.
It has been alleged that from February 2008, the Company knew yet failed to disclose that adverse market conditions had materially impaired CBS's operations, expected cash flows and the value of its intangible assets, including goodwill. It has been further alleged that the Company failed to timely write down impaired intangible and goodwill assets, thereby overstating the Company's financial results.
If you are interested in discussing your rights as a CBS shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.