Former CBS chairman Les Moonves and Paramount Global have agreed to resolve an investigation involving the New York State Attorney General, and will pay another $9.75 million, per Deadline.
"The new settlement — $7.25 million from CBS (now under the auspices of Paramount) and another $2.5 million from Moonves — was confirmed in a letter today to the judge ruling on a shareholder lawsuit in U.S. District Court in New York. Moonves was ousted after a long tenure atop CBS after an independent law firm probe substantiated many of the claims of sexual assault and misconduct made by more than a dozen women."
Moonves began his career with CBS in 1998, eventually rising through the ranks to become the network's chairman and CEO until his resignation in 2018. In September of that year, several allegations of sexual assault were filed against him. At least 12 women have accused Moonves of sexual harassment.
"Two shareholder lawsuits were filed in 2018 as CBS (then separate from Viacom prior to the companies' reunion and rebranding as Paramount) was in the process of investigating Moonves," Deadline reports. "After his exit, the merger of the jointly controlled companies was finalized in December 2019. Paramount said it had gotten preliminary court approval for a $14.75 million settlement of the lawsuits, which had been consolidated into a single case."
Last year, Moonves reached a settlement with ViacomCBS.
No comments:
Post a Comment