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LES MOONVES TO FIGHT CBS FOR $120M SETTLEMENT

Ousted CBS chief Les Moonves was denied a $120 million exit package after an internal investigation determined he wasn’t eligible due to multiple claims of sexual misconduct against him. He exited the network in September of 2018 and the investigation was concluded in December.

Now, Moonves is reportedly pledging to fight the network for the payout; an option in his contract included a provision that allowed him to demand binding arbitration in the event he was denied a settlement.

In a court filing, the network wrote: "Mr. Moonves notified the Company of his election to demand binding arbitration with respect to this matter. The Company does not intend to comment further on this matter during the pendency of the arbitration proceedings."

The New York Times previously reported multiple cases of abuse that investigators were able to verify, and that Moonves also set out to destroy evidence against him during the network’s investigation.