Rebel did not immediately get back to us. Rebel has reportedly previously settled a suit with CBS alleging that it was shorted from profits stemming from Sheindlin’s salary that were improperly deducted as expenses. The suit adds, “Now that Viacom is in a position to oversee the behavior of CBS leadership, it is time for the new leadership it installed to make a sincere effort to right the wrongful conduct that has been a systemic problem at CBS.”. The opinion finishes by detailing the next steps. The Hollywood Reporter is part of MRC Media and Info, a division of MRC. Although the shareholders are denied an opportunity to immediately bring an amended complaint, they may nonetheless attempt a new motion to get stuff kicked out of the suit back into play. There’s a lot we didn’t know.”, Remarks Caproni, "Although it is a very close case, it is barely plausible that a reasonable investor would construe his statement as implicitly representing that he was just learning of problems with workplace sexual harassment at CBS. Moonves' conscious recklessness then gets imputed to CBS. His statement implied that he had not known of these problems previously, even though, in truth, he was at that time actively seeking to conceal his own past sexual misconduct from CBS and the public.". | Cookie Settings. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email this to a friend (Opens in new window), Gayle King fits into yellow election night dress after soup fast, Lizzo gets out the vote in sexy, star-spangled style, Kate Beckinsale poses in gold ‘VOTE’ bra on Election Day, The best Wi-Fi extenders for boosting your internet connection range, Best Buy's 27 biggest early Black Friday deals of 2020, Why people are buying $20 Chanel cotton: Inside the viral TikTok trend, Gucci's $190 ripped tights are somehow sold out — here are cheaper solutions, Cole Haan takes 50% off outerwear, boots and more winter essentials, What Time Do Election Results Start Tonight? Back in 2005, Sumner Redstone decided to split Paramount into two separate entities.
Sources familiar with the situation tell us ... Judy and CBS have been feuding for quite some time, and it largely has to do with the former head honcho of the network, Les Moonves, no longer working there.
Then came the parting shot ... "I wish them good luck with their experiment.".
Although sharply narrowing the focus of the suit that was filed in the wake of a New Yorker exposé about ex-chairman Leslie Moonves, the legal action will nevertheless proceed. "#MeToo is a watershed moment," said Moonves at the time. Longtime 'Today' producer Jackie Levin leaving NBC News, This story has been shared 5,960 times. Les Moonves, the onetime head of CBS, was fired for cause and will not receive a severance package in the wake of sexual misconduct allegations. "The Amended Complaint includes extensive and specific allegations that Moonves sexually harassed and assaulted employees and non-employees — precisely the sort of behavior that #MeToo reporting was ferreting out and precisely the conduct that his Variety statement impliedly distanced himself from," explains the opinion. Do Not Sell My Personal Information, Your California Privacy Rights Just months after being fired by CBS, Leslie Moonves is running a new company. Caproni dismisses claims tied to ethical standards promulgated in proxy statements as well as disclosures contained in a press release announcing CBS' financial results. Probably just one example of why we're hearing Judy was fed up with CBS and the relationship just fell apart. Other defendants, though, including controlling shareholder Shari Redstone and Joe Ianniello, escape the case. ALL RIGHTS RESERVED, Download the TMZ App on the Apple App Store, Download the TMZ App on the Google Play Store. Thus, a reasonable investor could rely upon his statement as reflecting Moonves’s own — and thus CBS’s — lack of high-level exposure to the #MeToo movement.". ALL RIGHTS RESERVED. They have decided to monetize their 'Judge Judy' library of reruns." 5,960, This story has been shared 5,280 times.
Julie Chen got married to media executive Les Moonves in 2004, with the two going on to become a power couple in media. Leslie Roy Moonves (/ ˈ m uː n v ɛ z /; born October 6, 1949) is an American media executive who served as the Chairman and CEO of CBS Corporation from 2003 until his resignation in September 2018 following numerous allegations of sexual harassment and abuse. Thanks for contacting us. She doesn't think it is conceivable that a statement in a code of conduct could be deemed factual and finds other statements including what the company announced after the Charlie Rose departure to be "generic puffery.".
"Moonves knew of his own prior misconduct and knew that it left him in a precarious position in a post-#MeToo world; nonetheless, he impliedly disclaimed knowledge and sought to fortify his position by stating to the Variety audience: 'There’s a lot we’re learning. Eriq Gardner. Sheindlin — who makes $47 million a year, and is ending her blockbuster run on “Judge Judy” after 25 seasons this year — has been hit with a lawsuit by Rebel Entertainment Partners alleging that she stiffed the company out of profits when she bought and sold the show’s library rights in a deal with CBS in 2015. The judge isn't impressed that certain statements from CBS and its leaders rise to securities violations. Now Rebel says it’s owed money from the sale of the show’s library, and the new suit even alleges incompetency on the part of disgraced CBS mogul Les Moonves in the library sale. There’s a lot we didn’t know.'". “In 2015, Moonves and his loyal lieutenant [Armando] Nuñez seriously underestimated the value of the library and sold the rights to these episodes to series star Judith Sheindlin for a song,” the suit states. Judge Judy sued over Les Moonves sale of her show’s ‘library rights’ By Ian Mohr. 3/2/2020 12:25 PM PT Exclusive. Your Ad Choices There’s a lot we’re learning. Post was not sent - check your email addresses! Judy said, "I am looking forward to a banner 25th anniversary season. "Stated at an industry summit, Moonves’s statement could be construed as a representation that he had personally engaged in no sexual misconduct that could be a liability 'during a time of concern' when media executives were being scrutinized," writes the judge. Les is, of course, Les Moonves the former chairman of CBS who resigned in 2018 after several allegations for sexual harassment and abuse were … As such, she's hanging it up and CBS and will ride out this last season, which marks 25 years on the air. But Sheindlin told us in response to the suit, referring to Rebel Entertainment president Richard Lawrence: “I have not seen the complaint and can therefore only comment on what I have read which suggests that I am being sued for ‘breach of contract.’ If that is the basis of Mr. Lawrence’s lawsuit, here is my challenge: If Mr. Lawrence can produce a contract, signed by me and Mr. Lawrence on the same page, at any time in history from the beginning of time, I will toast that contract, smear it with cream cheese and eat it on national television.”, The suit against Sheindlin, CBS and its Big Ticket Entertainment division is just the latest in a long-simmering legal war involving Rebel and the show. Judge Judy is stepping away from her longtime television show and calling it quits with CBS -- and TMZ has learned a big reason has to do with a war with the network. Get TMZ breaking news sent right to your browser! Sorry, your blog cannot share posts by email. 3,133, © 2020 NYP Holdings, Inc. All Rights Reserved 5,022, This story has been shared 3,133 times. © 2020 The Hollywood Reporter (Rebel is the company that succeeded the talent agency that originally packaged “Judge Judy.”). How to Watch Live on TV and Online, © 2020 NYP Holdings, Inc. 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The opinion (read in full here) adds that the misleading aspect of Moonves' statement has been adequately alleged to be material. The library sale is also the subject of another ongoing suit brought by “Judge Judy” co-creators Kaye Switzer and the trust of the late Sandi Spreckman against CBS. On Wednesday, U.S. District Court Judge Valerie Caproni issued a 48-page decision on CBS' motion to dismiss. December 18, 2018, 9:04 am explore: Movies While Judy's been gracious in public about the split -- including a pleasant appearance on 'Ellen' -- we're told there's no love lost between her and the network. Although CBS scores wins in the decision such as Caproni's conclusion that SEC regulations don't impose affirmative duties on corporations to disclose executives' sexual misconduct, CBS must continue to face the lawsuit upon the judge's decision that an amended complaint adequately pleads scienter as to Moonves and CBS — that is, that they had a state of mind embracing an intent to deceive. "It’s important that a company’s culture will not allow for this. 5,280, This story has been shared 5,022 times. He has been married to TV personality Julie Chen since 2004. by It's unclear if that show ever took off -- there've been no new developments on it since 2016 when it was reported to be in the works.
CBS Ex-CEO Les Moonves Won't Get USD 120 Million Severance After Sexual Misconduct Claims. And that’s the thing that’s far-reaching. She's already working on another show, "Judy Justice," which will NOT air on CBS. Waiting for your permission to load the comments. Oof ... yeah, they don't like each other. Judge Allows CBS Shareholder Lawsuit Thanks to What Leslie Moonves Said About #MeToo. CBS/Viacom and Paramount studios proper. © 2020 EHM PRODUCTIONS,INC. The plaintiffs are alleging that amidst the #MeToo movement, the risk of CBS losing its key leaders was high, yet the company and its board of directors failed to disclose risks tied to a hostile workplace and issued misleading statements suggesting all was fine at CBS. TMZ.com. "A reasonable investor could have understood Moonves’s statement to mean that he did not have exposure to sexual misconduct allegations, thus providing reassurance that Moonves, the one executive that the Company and analysts viewed as crucial to CBS’s continued success, would not be compromised by the #MeToo Movement. And though Mr. Moonves and his former employer are locked … CBS escapes a range of claims including ones tied to the code of ethics it had issued, but the media giant finds itself unable to fully dismiss a complaint due to what the disgraced exec expressed at a Variety event. Gabe Ginsberg/Getty Images. January 15, 2020 4:28pm PT by Eriq Gardner . In the meantime, discovery continues to be paused. You could probably tell us as much with the statement she issued upon the news breaking. Sitemap | A new regime has taken over ... and we're told they and Judy just haven't been seeing eye-to-eye on a lot of things she and Les were square on. Specifically, we're told Judy was being shut down left and right on possible new shows she developed ... something we're told was she'd be able to do under her latest contract with them, but hasn't been realized after Moonves was ousted in 2018. Remember, Judy had just struck a monumental deal with them the previous year -- selling her "Judge Judy" library for a reported $95 million, with an end date of 2020-2021.
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