<br /> Former CBS chief Les Moonves will be pursuing arbitration to fight CBS for the $120 million severance pay he was denied last month. <br /><br />In a SEC filing on Thursday, CBS stated that Moonves has informed the company of his plan: <br /><br />“On January 16, 2019, Mr. Moonves notified the Company of his election to demand binding arbitration with respect to this matter. <br /><br />The Company does not intend to comment further on this matter during the pendency of the arbitration proceedings. <br />
