Worth Watching Stocks to Track: Goldcorp Inc. (USA) (NYSE:GG), CBS Corporation (NYSE:CBS)

On Tuesday, Shares of Goldcorp Inc. (USA) (NYSE:GG), added 2.20% and closed at 14.86 in the last trading session. The last trading range of the stock ranges between $14.48 and14.92. Pomerantz LLP declares that a class action lawsuit has been filed against Goldcorp Inc. (“Goldcorp” or the “Company”) (GG) and certain of its officers.   The class action, filed in United States District Court, Southern District of New York, and docketed under 16-cv-08123, is on behalf of a class consisting of all persons or entities who purchased or otherwise attained Goldcorp securities between March 31, 2014  and August 24, 2016 inclusive (the “Class Period”).  This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

Goldcorp engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company mainly explores for gold, silver, lead, zinc, and copper.  Among the Company’s properties is the Peñasquito gold-silver-lead-zinc mine (the “Peñasquito Mine”), located in north-central Mexico.  The Peñasquito Mine is considered by Goldcorp to be a material mineral property.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, in addition to failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:  (i) levels of the mineral selenium had risen in one groundwater monitoring well near the Peñasquito Mine as early as October 2013; (ii) in October 2014, Goldcorp stated a rise in selenium levels in groundwater to the Mexican government after the contamination near the Peñasquito Mine waste facility intensified; (iii) in August 2016, Goldcorp told Mexican regulators that contaminated water had also been found in other areas near the Peñasquito Mine; and (iv) that as a result of the foregoing, Goldcorp’s public statements were materially false and misleading at all relevant times.

CBS Corporation (NYSE:CBS), dropped -0.52% and closed at $55.10 in the last trading session. The last trading range of the stock ranges between 55.06 and55.29. The company’s Market capitalization is $24.64 Billion with the total Outstanding Shares of 406.87 million. CBS has ordered CANDY CRUSH, a new one-hour, live action game show series based on the globally renowned mobile game franchise. CBS, Lionsgate (LGF) and King will join together on the new format created and executive produced by Matt Kunitz that will be distributed domestically by CBS Television Distribution and internationally by Lionsgate.

In the game Candy Crush Saga, players match colorful candies in combinations of three or more to win points, defeat obstacles and progress through more than 2,000 levels. Candy Crush Saga and its sister title, Candy Crush Soda Saga, are two of the top 10 grossing mobile games in the U.S. On average, 18 billion game rounds are played every month around the world.*

In the series, the game that has become a worldwide phenomenon comes to life as teams of two people use their wits and physical agility to compete on enormous, interactive game boards featuring next generation technology to conquer CANDY CRUSH and be crowned the champions. A host will be declared at a later date.

“We are huge fans of Candy Crush and, like so many others, we know the ‘rush’ of advancing to the next level of the game,” said Glenn Geller, President, CBS Entertainment.  “We’re excited to work with Lionsgate and King to adapt one of the world’s most popular and entertaining game franchises for television and make it available to its massive, passionate fan base who can watch and play along at home.”

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