Robbins Umeda LLP, a shareholder rights litigation firm, has launched an investigation into whether the directors and officers of CSC breached their fiduciary duties to shareholders by causing or permitting the company to issue false and/or misleading statements regarding the company's business and financial conditions. Here is a link to more details:
This comes on top of the class action lawsuit and Securities Law violation allegations against Michael W Laphen (CEO) and Michael J Mancuso (CFO) on behalf of investors who bought CSC shares in the period between 11 August 2010 and 25 May 2011. This lawsuit is covered in the June 5 and June 7 postings on this Cassandra blog.
The investigation by Robbins Ulmeda LLP, depending upon its outcome, could potentially lead to more litigation, this time on behalf of all investors who were CSC shareholders during the period in question.
What a mess!!
posted by Littlejohn