CBS faces class action suit over Moonves harassment allegations

CBS was hit with a class action shareholder lawsuit on Monday, which argues that the media giant made a material omission and misled shareholders when it failed to disclose sexual harassment allegations against its Chairman and CEO Leslie Moonves, Variety reports.

The context: Six women accused Moonves of sexual misconduct during the 1980s in a Ronan Farrow-authored piece in The New Yorker in July, which featured dozens of current and former CBS employees stating that Moonves' problematic behavior was well-known at the network.