(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.

To contact the reporter on this story: Jef Feeley in Wilmington, Delaware at jfeeley@bloomberg.net

To contact the editors responsible for this story: Heather Smith at hsmith26@bloomberg.net, Joe Schneider

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