Wake Up Call: CBS Hires Two Big Law Firms to Investigate Moonves Allegations

• CBS hired former federal prosecutor Nancy Kestenbaum, of Covington & Burling, and former SEC Chair Mary Jo White, of Debevoise & Plimpton, to investigate sexual harassment allegations against CEO Leslie Moonves. ( Bloomberg ) Meanwhile, the L.A. District Attorney’s office declined to prosecute Moonves for alleged sex crimes in the 1980s, citing the statute of limitations. ( NBCNews )

• Tech giants including Facebook Inc. and Google could take a huge hit to their wallets after a Ninth Circuit Court of Appeals ruling that said Intel can’t lower its corporate tax by deducting stock payments made to employees. An appeal is possible in ...