Paramount, Moonves to settle cases following sex misconduct scandal
Paramount Global and former CBS chief Leslie Moonves have agreed to resolve lingering shareholder claims over the company's handling of past allega...
Paramount Global and former CBS chief Leslie Moonves have agreed to resolve lingering shareholder claims over the company's handling of past allegations of sexual harassment. Paramount, formerly known as ViacomCBS, disclosed the settlement Wednesday in a regulatory filing, saying it agreed to pay $7.25 million to the Investor Protection Bureau of the New York State Attorney General's Office. Moonves separately will contribute $2.5 million to settle the matter. The company also said its insurance provider will resolve a separate $14.