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Violation Tracker Individual Record

Company: CBS Corp.
Current Parent Company: Paramount Global
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $28,000,000
Year: 2022
Date: November 2, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: insider trading
Violation Description: CBS agreed to pay $22 million in restitution to shareholders and $6 million on improved sexual misconduct handling in settlement of allegations the company deliberately concealed allegations of sexual assault made against its President from regulators, shareholders and the public, during which another senior executive sold millions of dollars of shares.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: media
Specific Industry of Current Parent: media
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.