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CBS, Moonves must pay $30.5 million for insider trading

Summary by Ground News
CBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement. The New York attorney general's office 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 sold millions of dollars of stock before the allegations became public, the office says.

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Star Advertiser broke the news in Honolulu, United States on Wednesday, November 2, 2022.
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