Other defendants, though, including controlling shareholder Shari Redstone and Joe Ianniello, escape the case. Their marriage has been an inspiration to many until recent years when several allegations of sexual assault were brought against Julie Chen's husband, Les Moonves.. Sitemap | Specifically, we're told Judy was being shut down left and right on possible new shows she developed ... something we're told was she'd be able to do under her latest contract with them, but hasn't been realized after Moonves was ousted in 2018. Probably just one example of why we're hearing Judy was fed up with CBS and the relationship just fell apart. "Stated at an industry summit, Moonves’s statement could be construed as a representation that he had personally engaged in no sexual misconduct that could be a liability 'during a time of concern' when media executives were being scrutinized," writes the judge. Your California Privacy Rights Eriq Gardner. As such, she's hanging it up and CBS and will ride out this last season, which marks 25 years on the air. "A reasonable investor could have understood Moonves’s statement to mean that he did not have exposure to sexual misconduct allegations, thus providing reassurance that Moonves, the one executive that the Company and analysts viewed as crucial to CBS’s continued success, would not be compromised by the #MeToo Movement. Rebel did not immediately get back to us. And that’s the thing that’s far-reaching. Although the shareholders are denied an opportunity to immediately bring an amended complaint, they may nonetheless attempt a new motion to get stuff kicked out of the suit back into play. We've received your submission. Although sharply narrowing the focus of the suit that was filed in the wake of a New Yorker exposé about ex-chairman Leslie Moonves, the legal action will nevertheless proceed. A federal judge is allowing a group of CBS shareholders to pursue a lawsuit over what investors were told about sexual misconduct allegations at the company. Longtime 'Today' producer Jackie Levin leaving NBC News, This story has been shared 5,960 times. Then came the parting shot ... "I wish them good luck with their experiment.". Thus, a reasonable investor could rely upon his statement as reflecting Moonves’s own — and thus CBS’s — lack of high-level exposure to the #MeToo movement.". CBS/Viacom and Paramount studios proper. January 15, 2020 Julie Chen got married to media executive Les Moonves in 2004, with the two going on to become a power couple in media. And though Mr. Moonves and his former employer are locked … The plaintiffs are alleging that amidst the #MeToo movement, the risk of CBS losing its key leaders was high, yet the company and its board of directors failed to disclose risks tied to a hostile workplace and issued misleading statements suggesting all was fine at CBS. But Team Not Saying If He Tested Positive, ©2020 EHM PRODUCTIONS,INC. Your Ad Choices (Rebel is the company that succeeded the talent agency that originally packaged “Judge Judy.”). Rebel has reportedly previously settled a suit with CBS alleging that it was shorted from profits stemming from Sheindlin’s salary that were improperly deducted as expenses. His statement implied that he had not known of these problems previously, even though, in truth, he was at that time actively seeking to conceal his own past sexual misconduct from CBS and the public.". Judge Allows CBS Shareholder Lawsuit Thanks to What Leslie Moonves Said About #MeToo. She's already working on another show, "Judy Justice," which will NOT air on CBS. The opinion (read in full here) adds that the misleading aspect of Moonves' statement has been adequately alleged to be material. The judge isn't impressed that certain statements from CBS and its leaders rise to securities violations. Sorry, your blog cannot share posts by email. Privacy | Remember, Judy had just struck a monumental deal with them the previous year -- selling her "Judge Judy" library for a reported $95 million, with an end date of 2020-2021. He has been married to TV personality Julie Chen since 2004. The suit adds, “Now that Viacom is in a position to oversee the behavior of CBS leadership, it is time for the new leadership it installed to make a sincere effort to right the wrongful conduct that has been a systemic problem at CBS.”. Leslie Roy Moonves (/ ˈ m uː n v ɛ z /; born October 6, 1949) is an American media executive who served as the Chairman and CEO of CBS Corporation from 2003 until his resignation in September 2018 following numerous allegations of sexual harassment and abuse. by You could probably tell us as much with the statement she issued upon the news breaking. CBS Ex-CEO Les Moonves Won't Get USD 120 Million Severance After Sexual Misconduct Claims. Just months after being fired by CBS, Leslie Moonves is running a new company. Back in 2005, Sumner Redstone decided to split Paramount into two separate entities. A new regime has taken over ... and we're told they and Judy just haven't been seeing eye-to-eye on a lot of things she and Les were square on. 3,133, © 2020 NYP Holdings, Inc. All Rights Reserved Waiting for your permission to load the comments. It's unclear if that show ever took off -- there've been no new developments on it since 2016 when it was reported to be in the works. Judge Judy is stepping away from her longtime television show and calling it quits with CBS -- and TMZ ... Les Moonves… 5,022, This story has been shared 3,133 times. "#MeToo is a watershed moment," said Moonves at the time. Les is, of course, Les Moonves the former chairman of CBS who resigned in 2018 after several allegations for sexual harassment and abuse were … Post was not sent - check your email addresses! Judge Judy is stepping away from her longtime television show and calling it quits with CBS -- and TMZ has learned a big reason has to do with a war with the network. But Sheindlin told us in response to the suit, referring to Rebel Entertainment president Richard Lawrence: “I have not seen the complaint and can therefore only comment on what I have read which suggests that I am being sued for ‘breach of contract.’ If that is the basis of Mr. Lawrence’s lawsuit, here is my challenge: If Mr. Lawrence can produce a contract, signed by me and Mr. Lawrence on the same page, at any time in history from the beginning of time, I will toast that contract, smear it with cream cheese and eat it on national television.”, The suit against Sheindlin, CBS and its Big Ticket Entertainment division is just the latest in a long-simmering legal war involving Rebel and the show. But the judge does identify something that Moonves expressed during a Variety event in 2017 to be potentially actionable. January 15, 2020 4:28pm PT by Eriq Gardner . She doesn't think it is conceivable that a statement in a code of conduct could be deemed factual and finds other statements including what the company announced after the Charlie Rose departure to be "generic puffery.". The suit focuses on top executives including Moonves who allegedly sexually harassed women behind the scenes for years.
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