City of Omaha, NE Civilian Employees’ Retirement System v. CBS Corp.

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March 16, 2010

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4833 Television Broadcasting Stations
515120 Television Broadcasting
securities litigation
City of Omaha, NE Civilian Employees’ Retirement System v. CBS Corp.
2010 WL 1029290 (S.D.N.Y)
US
Federal Court
Federal
United States District Court
Castel

Summary

A company’s book value exceeding its market capitalization is not a “bright line” test for triggering goodwill impairment, and the court dismissed claims for securities fraud for failing to state a more precise triggering event.
City of Omaha, NE Civilian Employees’ Retirement System v. CBS Corp.
PDF, Size: 227 KB

See Also

Court Rejects Market Cap ‘Bright Line Rule’ Regarding Goodwill Impairment Testing

Legal and Court Case Update
July 2010

A company’s book value exceeding its market capitalization is not a “bright line” test for triggering goodwill impairment, and the court dismissed claims for securities fraud for failing to state a more precise triggering event.