CBS 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…
According to the AG’s office, a Los Angeles Police Department captain provided CBS executives with a confidential sexual assault complaint against Moonves in 2017 — months before the allegations became public.
Over the next several months the LAPD captain secretly updated CBS executives on the department’s investigation and even met with Moonves in person. He told the executives that he had spoken to his contacts within the department to stop the police report from being leaked. Additionally in CBS’ annual filing with the Securities Exchange Commission, the company stated under “risk factors” that its business “depends upon the continued efforts, abilities, and expertise of its chief executive officer and other key employees” with no mention that Moonves position as CEO was in jeopardy.
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