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Les Moonves, president and chief executive officer of CBS Corp., right, steps out from a car as he arrives for the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2017. Photo: Featureflash Photo Agency/Shutterstock.com

CBS’ announcement that it would deny Les Moonves $120 million in severance pay 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 may not be out of the woods just yet, attorneys said Tuesday.

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Tom McParland

Tom McParland of New York Law Journal can be contacted at [email protected] Follow him on Twitter @TMcParlandALM.

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