(Bloomberg) -- CBS Corp. directors agreed to pay $1.25 million to settle claims that they improperly awarded network owner Sumner Redstone millions in compensation after he became incapacitated in 2014.
Board members of the U.S.’s most-watched network agreed to resolve the investors’ lawsuit, according to a March 14 filing in a Delaware state court.
The money -- coming from insurance covering CBS’s officers and directors -- is slated go back into the network’s coffers and not to individual shareholders, according to the filing.
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