Judge Allows CBS Shareholder Lawsuit Over Leslie Moonves and #MeToo to Proceed
Published on Jan 16, 2020
A federal judge in New York has allowed a shareholder lawsuit against CBS Corp. to proceed based on the specificity of statements made by disgraced former chairman-ceo Leslie Moonves at a 2017 Variety conference.
Judge Valerie Caproni of the Southern District of New York on Wednesday dismissed other claims in the securities fraud suit against CBS Corp. that asserted that CBS’ top leaders and board members should have known and acted on rumors of sexual misconduct allegations against Moonves as part of their fiduciary duty to protect the company controlled by Shari Redstone.
But Caproni allowed the suit to proceed based
Read full article at: Variety - TV News
Author: Variety Staff