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Les Moonves pursues arbitration for $ 120 million of liquidation denied by CBS

The former CBS chief Les Moonves will pursue arbitration to fight CBS for the $ 120 million payment he was denied last month when he was fired by the board of directors for just cause.

In a deposition of the Securities and Exchange Commission on Thursday, CBS stated that Moonves informed the company of his plan: "On January 16, 2019, Mr. Moonves notified the Company of his election to request binding arbitration on that The Company does not intend to comment further on the matter during the pending arbitration proceedings. "

The investigation into Moonves – which was ousted in September, after many women came forward with allegations of sexual misconduct – concluded on December 17, with the CBS board announcing that the former president and CEO "will not receive any redundancy payments".

"We have established that there are reasons to end the cause," the council said in a statement, citing what they classified as "voluntary voluntary and material Moonves, violation of corporate policies and violation of his employment contract, as well as his complete lack of cooperation with the company's investigations. "

Moonves stood up to receive a $ 120 million gold parachute, waiting for the now closed investigation, which is what he is fighting for now.

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Les Moonves and Julie Chen together

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NEW YORK – APRIL 11: CBS president and Viacom CEO Leslie Moonves and his wife's television personality Julie Chen arrive at the American Theater Wing Dinner. The spring prize for this year awards CBS Television and its president Leslie Moonves was held at 42nd St. Cipriani on April 11, 2005 in New York. (Photo by Fernando Leon / Getty Images)

Julie Chen and Leslie Moonves during 2004 Vanity Fair Oscar Party – Arrivals at Mortons in Beverly Hills, California, United States. (Photo by Jean-Paul Aussenard / WireImage)

Leslie Moonves and Julie Chen during CBS at 75 Hammerstein Ballroom in New York, New York, United States. (Photo by Dimitrios Kambouris / WireImage)

NEW YORK – OCTOBER 7: (HOLLYWOOD REPORTER OUT) Julie Chen and Leslie Moonves take part in Quentin Tarantino's New York premiere "Kill Bill Vol. 1" at the Ziegfeld Theater on October 7, 2003 in New York City. Evan Agostini / Getty Images)

Leslie Moonves, Julie Chen attends the 59th Annual Tony Awards held at the Radio City Music Hall in New York, BRIAN ZAK. (Photo by Brian ZAK / Gamma-Rapho via Getty Images)

Leslie Moonves and Julie Chen during the TV and radio museum Honors Leslie Moonves and Jerry Bruckheimer – Arrivals at the Regent Beverly Wilshire Hotel in Beverly Hills, California, United States. (Photo by Jean-Paul Aussenard / WireImage)

Julie Chen and Leslie Moonves during the world premiere of Columbia Pictures and Revolution Studios of & # 39; Freedomland & # 39; at the Loews Lincoln Square Theater in New York, New York, United States. (Photo by E. Charbonneau / WireImage for Sony Pictures-Los Angeles)

HOLLYWOOD – NOVEMBER 30: CBS president Leslie Moonves (R) and television personality Julie Chen arrive at the first annual UNICEF Snowflake Ball held at the Regent Beverly Wilshire Hotel on November 30, 2005 in Beverly Hills, California. (Photo by Kevin Winter / Getty Images)

FOXBORO, MA – SEPTEMBER 6: President and CEO of CBS Corporation Leslie Moonves and his wife Julie Chen take part in the grand opening of CBS Scene Restaurant & Bar on September 6, 2008 in Foxboro, Massachusetts. (Photo by Mary Schwalm / Getty Images)

Leslie Moonves and Julie Chen take part in the 63rd Annual Tony Awards at the Radio City Music Hall in New York. (Photo by Lars Niki / Corbis via Getty Images)

Julie Chen and her husband, CBS Corporation, president and CEO of Leslie Moonves, are attending CBS Upfront 2011 at The Tent at Lincoln Center on May 18, 2011 in New York. (Photo by Charles Eshelman / FilmMagic)

BEVERLY HILLS, CA – JANUARY 16: Television personality Julie Chen and CBS Corporation president and CEOLeslie Moonves arrive at the Weinstein Company's Golden Globe Awards Party And Relativity Media held at the Beverly Hilton hotel on January 16, 2011 in Beverly Hills , California. (Photo by David Livingston / Getty Images)

BEVERLY HILLS, CA – JULY 29: Julie Chen and Leslie Moonves arrive at the TCA Summer Tour 2012 – CBS, Showtime and The CW Party at 9900 Wilshire Blvd on July 29, 2012 in Beverly Hills, California. (Photo by Steve Granitz / WireImage)

NEW YORK, NY – APRIL 16: TV personality Julie Chen E President and CEO of CBS Corporation Leslie Moonves attend the Vanity Fair Party during the Tribeca Film Festival 2013 at the Supreme Courthouse on April 16, 2013 in New York City. (Photo by Jim Spellman / WireImage)

BEVERLY HILLS, CA – JANUARY 13: Leslie Moonves and Julie Chen attend the Weinstein Company's 2013 Golden Globes after the party at the Beverly Hilton Hotel on January 13, 2013 in Beverly Hills, California. (Photo by JB Lacroix / WireImage)

HOLLYWOOD, CA – JUNE 6: TV personality Julie Chen and CBS President and CEO Leslie Moonves participate in AFI's 41st Achievement Award at Mel Brooks at the Dolby Theater on June 6, 2013 in Hollywood, California. 23647_003_SK_1164.JPG (Photo by Stefanie Keenan / WireImage)

NEW YORK, NY – May 6: President and chief executive officer of CBS Corp. Leslie Moonves and television personality Julie Chen participate in the Costume Institute Gala for the exhibition "PUNK: Chaos to Couture" at the Metropolitan Museum of Art on May 6, 2013 at New York City. (Photo by Dimitrios Kambouris / Getty Images)

NEW YORK, NY – APRIL 14: Producer Julie Chen and President and CEO of CBS Corporation Leslie Moonves attend the 2015 Tribeca Film Festival Vanity Fair Party at the State Supreme Court on April 14, 2015 in New York City. (Photo by Gilbert Carrasquillo / FilmMagic)

LOS ANGELES, CA – FEBRUARY 15: Producer Julie Chen (L) and CBS president Leslie Moonves attends the 2016 GRAMMY of the Universal Music Group at the party at the theater at the Ace Hotel on February 15, 2016 in Los Angeles, California. (Photo by C Flanigan / Getty Images)

NEW YORK, NY – MAY 13: Leslie Moonves and Julie Chen attend the CBS 2015 in advance at the tent at the Lincoln Center on May 13, 2015 in New York City. (Photo by Taylor Hill / Getty Images)

BEVERLY HILLS, CA – FEBRUARY 28: Television personalities Julie Chen (L) and CBS Leslie Moonves arrive at the Vanity Fair Oscar Party 2016 hosted by Graydon Carter at the Wallis Annenberg Center for the Performing Arts on February 28, 2016 in Beverly Hills, California. (Photo by John Shearer / Getty Images)

BEVERLY HILLS, CA – FEBRUARY 28: Television personalities Julie Chen (L) and CBS Leslie Moonves arrive at the Vanity Fair Oscar Party 2016 hosted by Graydon Carter at the Wallis Annenberg Center for the Performing Arts on February 28, 2016 in Beverly Hills, California. (Photo by John Shearer / Getty Images)

LOS ANGELES, CA – SEPTEMBER 19: Television personality Julie Chen (L) and CBS CEO Leslie Moonves take part in the Star Trek premiere: CBS's Discovery at the Cinerama Dome on September 19, 2017 in Los Angeles, California. (Photo by David Livingston / Getty Images)

THE OSCARS (r) – The 89th Oscars (r) live broadcasts on Oscar (r) SUNDAY, 26 FEBRUARY 2017, on ABC Television Network. (Tyler Golden / ABC via Getty Images)
JULIE CHEN, LESLIE MOONVES




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In a statement issued by Andrew Levander, a Moonves attorney, at the time of CBS's ruling last month, the former head of the issuer maintained his innocence. "The conclusions of the CBS board of directors were preordained and worthless," said Levander. "Consistent with the pattern of losses that permeated this process," the press was informed of these groundless conclusions before Moonves, further damaging its name, reputation, career and heritage. Mr. Moonves vehemently denies any non-consensual sexual relationship and has collaborated extensively and fully with the investigators. "

Levander did not immediately respond to TheWrap's request to comment on this story and CBS Corp refused to comment.

In addition to Moonves' monetary fate, investigators have also established that "harassment and retaliation are not pervasive to CBS", but that society's historical policies have not "prevented harassment and reprisal" a "high institutional priority".

Moonves was accused of sexual misconduct by six women in a New Yorker article written by Ronan Farrow last July. Six other women came forward in September. Moonves resigned as CEO of CBS in September after a two-month investigation but denied all charges.

Last month, CBS president and CEO Joseph Ianniello told employees that the CBS culture investigation triggered by multiple charges of sexual misconduct against Moonves was nearing its end, noting that it was "frustrating" multiple losses from the probe. it was published in the New York Times.

In one of these stories, a CBS lawyer's report found that the network would be justified in denying Moonves a $ 120 million payment due to death because it had destroyed evidence and misled investigators investigating allegations of sexual misconduct, according to the Times, who cited a draft of a report prepared for the company's board of directors.

Read the original story Les Moonves to pursue the arbitration for $ 120 million of Severance denied by CBS At TheWrap

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