ViacomCBS Inc. said in a filing late Friday that the disputes with former Chairman and Chief Executive Leslie Moonves have been resolved, with both parties dismissing the arbitration started by Moonves in January 2019. Assets of a grantor trust relating to the matter will revert to the ViacomCBS “in their entirety,” the media company said in a U.S. Securities and Exchange Commission filing. Shares of ViacomCBS rose 0.2% in the extended session Friday after ending the regular trading day up 1%. The media executive resigned in 2018 following allegations he sexually assaulted or harassed multiple women. Moonves has denied the allegations.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.