CBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general's office.
FILE - Then-CBS president Leslie Moonves attends the CBS Network 2015 Programming Upfront at The Tent at Lincoln Center on May 13, 2015, in New York. CBS and the former president Moonves will pay $30.5 million as part of an agreement with the New York attorney general's office to compensate the network's shareholders, as part of an insider trading investigation and for concealing sexual assault allegations against Moonves, announced Wednesday, Nov. 2, 2022.
A spokesperson for Paramount Global, which owns CBS, said it was “pleased to resolve this matter ... without any admission of liability or wrongdoing," adding that the “matter involved alleged misconduct by CBS’s former CEO, who was terminated for cause in 2018, and does not relate in any way to the current company.”
In November 2017, a woman told police that she had been sexually assaulted by Moonves in the 1980s, before he was employed by CBS in 1995, according to the attorney general’s report. She also said she was subjected to sexual misconduct and retaliation in the workplace. The attorney general's office said it uncovered text messages between the police captain, CBS executives and Moonves that showed efforts to prevent the complaint from becoming public.
An email sent to Metrose was not immediately returned Wednesday. And an attorney representing CBS and Moonves did not immediately return a request for comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moonves, CBS to pay $30.5M for insider tradingUnder the deal announced Wednesday by Attorney General Letitia James, the broadcast giant is required to pay $22 million to shareholders and another $6 million for sexual harassment and assault pro…
Read more »
CBS and former CEO Leslie Moonves to pay $30.5M for covering up sexual assault allegationsCBS and its former CEO Leslie Moonves have been ordered to pay $30.5M dollars — mostly to shareholders — for insider trading and covering up multiple sexual assault allegations, New York AG Letitia…
Read more »
CBS, LAPD captain led cover-up of sexual assault report against Moonves, AG saysThe attorney general announced that CBS and Moonves would pay $30 million, with much of the money going to CBS shareholders.
Read more »
CBS, Moonves must pay $30.5 million for insider tradingCBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general’s office, which says the network’s executives conspired with a Los Angeles police captain to conceal sexual assault allegations against Moonves
Read more »
CBS, Moonves must pay $30.5 million for insider tradingNEW YORK (AP) — CBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general's office, which says the network's executives conspired with a Los Angeles police captain to conceal sexual assault allegations against Moonves.
Read more »
CBS, Les Moonves Must Pay $30.5 MillionThe broadcast giant is required to pay $22 million to shareholders and another $6 million for sexual harassment and assault programs.
Read more »