CBS must pay $30.5m for insider trading around Les Moonves sexual assault allegations

New York attorney general’s office says CBS executives conspired with a Los Angeles police captain to conceal sexual assault allegations against Moonves

CBS and its former president, Leslie Moonves, will pay $30.5m 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.

Under the deal announced Wednesday by the attorney general, Letitia James, the broadcast giant is required to pay $22m to shareholders and another $6m for sexual harassment and assault programs.