Amber Heard made a number of damning allegations against Johnny Depp on the first day she took the witness stand, including that the actor allegedly performed a cavity search on her in search of his drugs.
19.04.2022 - 01:01 / deadline.com
Shareholders of the former CBS have settled a long-running securities class action lawsuit with the company over its handling of sexual assault allegations against former CEO Les Moonves. The $14.75 million cash payout covers shareholders of CBS from November 2017 to July 2018.
Moonves was pushed out of CBS in 2018 after multiple accusations of harassment. Investors led by the Construction Laborers Pension Trust for Southern California sued later that year, claiming that public lies and omissions by the company and Moonves left investors in ignorance of a full-blow sexual harassment scandal unfolding within. They said they lost money after news of the allegations became public, and they sued the broadcaster in New York federal court for violating securities law.
According to the initial suit, “Defendants made numerous materially false and misleading statements and/or omissions regarding the Company’s policies and corporate governance, the importance of key personnel, including Moonves, and other statements made to news media, which caused the price of the Company’s common stock to trade at artificially inflated prices, until the market learned of the false and misleading nature of the statements, and the Company’s stock price significantly declined.”
CBS had argued that securities law does not required it to disclose sexual misconduct allegation or potential impact on its business. To a certain extent, the judge in the case had agreed with the company in subsequent rulings.
Announcing the settlement (read its here), the lead plaintiff and lead counsel said they believe their claims have merit but are “mindful of the inherent problems of proof” under securities law. The decision to settle “balances the risks, costs, and
Amber Heard made a number of damning allegations against Johnny Depp on the first day she took the witness stand, including that the actor allegedly performed a cavity search on her in search of his drugs.
A couple in Barstow, California has been arrested and charged with murder after allegedly killing their 1-year-old son.
sit-down with Oprah Winfrey created shock waves around the world. Royal insiders say it’s all about damage control, after a new book by former Vanity Fair editor Tina Brown blasted them as “addicted to drama”, and criticised them for causing “maximum mayhem” in the royal family. “These latest claims have really gotten under Meghan’s skin,” says an insider close to the 40 year old, who along with Harry, 37, ditched the royal life for an £11.2million mansion in California back in 2020.
Oprah Winfrey took the coronavirus pandemic very, very seriously.
Betty White’s home is up for sale! The Los Angeles residence for the iconic actress, who died at the age of 99 in December, has hit the market with a $10,575,000 price tag.
Betty White’s home is up for sale! The Los Angeles residence for the iconic actress, who died at the age of 99 in December, has hit the market with a $10,575,000 price tag.This is the first time that the property, which was reportedly purchased by the actress and her third husband, Allen Ludden, in 1968, has been on the market in over 50 years. According to the listing on Sotheby’s Realty, the home has five bedrooms and six full bathrooms. The interior of the house measures 3,029 square feet while the exterior is 0.72 acres. The single-family home was built in 1952 and is in Brentwood Park. Described as “lovingly cared for,” the home has views of the Getty Museum and mountains.
Amyl and the Sniffers have made their US television debut with an appearance on Late Night With Seth Meyers, delivering a raw, blistering rendition of their song ‘Hertz’.The track is lifted from the band’s second studio album, last year’s ‘Comfort To Me’, serving as its final single. Upon its release, frontwoman Amy Taylor called the song “a daydream about being repulsed by confinement, and frustrated over being stuck in one place”.Watch Amyl and the Sniffers perform ‘Hertz’ on Seth Meyers below:Amyl and the Sniffers are currently in the midst of a North American tour that includes appearances at Coachella and headline shows in Texas, Atlanta, San Francisco, Seattle, Chicago, Toronto, New York and more.Next month, the band will embark on a UK and European run that will include a slot at Wide Awake Festival in London, plus headline dates at O2 Academy Brixton, Bristol and Oxford.
A 32-year-old woman from northern California has been accused of flying across the country to have sex with a teenage boy.
Dolly Parton is opening up about the advice she didn't follow early on in her career. The country music icon recently dished about her distinguished career in music, her new book with James Patterson, and what it was like growing up "poor" to becoming one of the biggest stars on the planet. In a new interview, the singer and songwriter revealed that many people tried to get her to change her look – but she didn't budge. "The main advice that people wanted to give me was to change my look and to go simpler with my hair and the way that I dress.
a New Yorker article by Ronan Farrow in which six different women accused Moonves of sexual misconduct in incidents going back decades. In December, CBS denied him a $120 million severance package after the board reviewed the findings of an investigation conducted by two law firms hired by the network.
Jennifer Maas TV Business WriterCBS shareholders have reached a $14.75 million settlement in their securities lawsuit against the network for what it relayed about the sexual misconduct allegations against disgraced former chairman-CEO Leslie Moonves and how his #MeToo comments affected the company.In a filing obtained by Variety Monday, CBS shareholders wrote, “Lead Plaintiff and Defendants have negotiated, at arm’s length and with the assistance of an experienced and neutral mediator, a proposed settlement of all claims in this Action for $14,750,000 in cash. This resolution, which falls well within the range of possible approval, involved a thorough investigation, extensive motion practice, consultation with an expert on damages and loss causation, and a formal mediation involving rigorous and extensive negotiations.” Representatives for CBS declined to comment Tuesday.In January 2020, a federal judge in New York allowed the shareholder lawsuit against CBS Corp.
LIVE – Updated at 05:46After a two-year absence, Coachella finally makes its highly-anticipated return today (15 April). Located in Indio, California, the desert festival has gained popularity over the years for its glitzy Instagram-worthy dress code and major celebrity guest sightings. Before the pandemic shut down large-scale music events, Coachella’s 2019 top-billed performers covered the musical spectrum with Childish Gambino’s hip-hop, Ariana Grande’s pop, and Tame Impala’s alternative indie.
Prince Harry and Meghan Markle are making a big move amid an ongoing family feud.
Wilson Chapman editorFour years after being fired from CBS amid sexual harassment allegations, Charlie Rose has reentered the public eye via an extensive interview with business magnate Warren Buffett.The interview appeared this Thursday on Rose’s personal site, which also features archival interviews he conducted during his time as a CBS news anchor. On the homepage of the site, Rose notes this is the first interview he’s done in over four years, and implies that this will be the first of several independent interviews he will conduct.“I’m proud to share this recent conversation with Warren Buffett,” Rose states on the website.
Warner Bros Discovery CEO David Zaslav and other top execs are meeting with employees in a town hall this morning on the Warner lot in Burbank. It’s the first large-scale staff meeting since last Friday’s close of the $43 billion merger.
[Warning: Potentially Triggering Content]