Paramount Global and former CBS chief Leslie Moonves agreed to make additional payments to settle an investigation by the New York Attorney General's Office over sexual assault allegations.
The investigation also found that another CBS senior executive, who knew about the allegations, sold millions of dollars of CBS stock in the weeks before the allegations became public, per the Attorney General's office.
The investigation also found that a captain at the Los Angeles Police Department informed both CBS and Moonves of a confidential sexual assault complaint made against Moonves, and tried to cover it up. The LAPD told Axios it wasn't commenting on the investigation. But James referred the matter to the California Attorney General's office, according toWith the new settlement, CBS will pay $7.25 million and Moonves will pay $2.5 million to CBS shareholders, totaling $9.75 million.Another $6 million was agreed upon two years ago to fund various HR reforms.
"We are pleased to have reached an agreement in principle to resolve this matter concerning events from 2018 with the New York attorney general’s office, without any admission of liability or wrongdoing," a Paramount spokesman told"CBS and Leslie Moonves’ attempts to silence victims, lie to the public, and mislead investors can only be described as reprehensible," Attorney General Letitia James said in a statement.
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