CBS, Moonves must pay $30.5 million for insider trading NEW YORK (AP) — CBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general’s office, which says the network’s executives conspired with a Los Angeles police captain to conceal sexual assault allegations against Moonves.At least one of those executives — one of the few privy to an internal investigation — sold millions of dollars of stock before the allegations against Moonves became public, which the attorney general’s office said amounted to insider trading.After trying to bury the truth to protect their fortunes, today CBS and Leslie Moonves are paying millions of dollars for their wrongdoing,” James said in a statement, calling attempts to mislead investors “reprehensible.” UK poised to enact biggest interest rate hike in 3 decades Powell: Rate hikes may slow, but inflation fight hardly over CVS, Walgreens announce opioid settlements totaling $10B Misinformation and the midterm elections: What to expect A spokesperson for Paramount Global, which owns CBS, said it was “pleased to resolve this matter ... without any admission of liability or wrongdoing,” adding that the “matter involved alleged misconduct by CBS’s former CEO, who was terminated for cause in 2018, and does not relate in any way to the current company.” In October 2017, the #MeToo movement began to pick up steam as media mogul Harvey Weinstein and others in the entertainment industry were accused of sexual abuse.Several hours after she made her police report — which was marked “confidential” in three places — the captain tipped off CBS, it said, adding that the captain then met personally with Moonves and another CBS executive.The captain first made CBS officials aware of the sexual misconduct allegation by calling the network’s senior vice president of talent relations and special events, who was identified by the court document as Ian Metrose."