A shareholder lawsuit filed final summer against CBS and several of its current and former leaders has been amended to charge that $200 million in stock was unloaded by insiders who knew the company would face serious exposure in the second half of 2018.
The share sales were “timed to capitalize on CBS's inflated stock price before defendant [Les] Moonves's misconduct and the pervasive sexual harassment that permeated the company was revealed to the market,” the complaint…
Source: deadline.com