CBS stockholder Gene Samit has sued the network and its top executives Leslie Moonves and Joe Ianniello over the drop in company share price that occurred after Moonves was accused of sexual harassment by numerous women.
Samit says he’s suing on behalf of others, and intends for his case to turn into a class-action lawsuit. The plaintiff is opening his suit to anyone who purchased or otherwise acquired CBS stock between February 14, 2014 through July 27, 2018.
Basically, Samit accuses Moonves of not practicing what he preached with regards to promoting a safe work environment, and in violating his own policy, he harmed shareholder value.