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WHAT WE’RE WATCHING
MOONVES - CBS’ decision to deny Les Moonves $120 million in severance pay has tamped down the prospects for shareholder litigation stemming from the company’s handling of sexual harassment allegations against its ousted CEO, but the media giant is not in the clear just yet. Tom McParland reports the possibility remains that Moonves could sue CBS to recover his golden parachute. The company also faces the potential for shareholder suits targeting the board over its supposed failure to prevent a crisis that has dominated headlines for months.
