November 2, 2022

CBS and former CBS President and CEO Leslie Moonves will pay $30.5 million for working with a LAPD captain to conceal sexual assault allegations against Moonves, misleading investors by concealing information about the allegations, and for insider trading based on that information. CBS executives coordinated with the LAPD captain to prevent the complaint from being leaked to the press. As part of the settlement, CBS will reform its HR practices around sexual harassment, and Moonves is prohibited from serving as an officer or a director of any public company doing business in NY, without written approval by OAG. NYAG

Tagged in: Financial and Investment Fraud, Securities Fraud,