Moonves, CBS to pay $30.5M for insider trading

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Moonves, CBS to pay $30.5M for insider trading
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Under 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…

By Bobby Caina Calvan and Stefanie Dazio | Associated Press

At least one of those executives — one of the few privy to an internal investigation — sold millions in dollars of stock before the allegations against Moonves became public, which the attorney general’s office said amounted to insider trading. The police captain, who was not named in the report, tipped off CBS that a woman had lodged a complaint against Moonves, according to the document.

The document also said he wrote a separate note to Moonves saying, “I’m deeply sorry that this has happened. I will always stand with, by and pledge my allegiance. Metrose had previously hired the captain as one of Moonves’ security aides at the Grammy Awards from 2008 to 2014, the document states.

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CBS and former CEO Leslie Moonves to pay $30.5M for covering up sexual assault allegationsCBS 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…
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CBS, Moonves must pay $30.5 million for insider tradingCBS, 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.
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CBS, Moonves must pay $30.5 million for insider tradingCBS, 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
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CBS, Les Moonves Must Pay $30.5 MillionCBS, 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.
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CBS and Les Moonves reach settlement with New York attorney general over allegations of sexual misconduct, misleading investors and insider tradingCBS and Les Moonves reach settlement with New York attorney general over allegations of sexual misconduct, misleading investors and insider tradingThe New York Attorney General's Office said the majority of the settlement funds will be returned to company shareholders.
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