Leslie Moonves Entertainment president Leslie Moonves

CBS Resolves $120 Million Severance Dispute With Leslie Moonves

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thewrap.com

CBS and former entertainment chairman Leslie Moonves have resolved their dispute over $120 million that Moonves was set to collect as part of his exit from the company in 2018.

In an SEC filing on Friday, CBS said that money, which had been held in a trust while they settled the dispute, will revert back to the company. “The disputes between Mr.

Moonves and CBS have now been resolved, and on May 14, 2021, the parties dismissed the arbitration proceeding,” CBS said in a filing.

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