CBS Has to Pay Moonves’ Legal Fees Against CBS - Articles

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Posted by: Chelsea Bennett on Dec 20, 2018

Former CBS Corporation Chairman and CEO Les Moonves may utilize a confidential arbitration to challenge the decision recently reached by CBS’s board to deny him any severance payment, The New York Times reports. In his termination agreement, CBS is liable for paying his attorney fees. Arbitration at this level could run up anywhere between $20 million to $50 million. CBS is facing high costs due to having to pay for legal representation for itself, its board and Moonves; a cheaper option may be a settlement. However, the article notes that a settlement would likely anger many people given the publicity of the sexual assault and misconduct allegations against Moonves.