(CNBC) — CBS’ board of directors is near completion of a settlement that would both end its litigation with its controlling shareholder National Amusements — and sever ties with long time CEO Leslie Moonves, according to people familiar with the situation.

The talks are described as fluid, but the parties hope to complete a settlement prior to the start of trading on Monday morning. The settlement talks are reaching their conclusion as new charges of sexual harassment against Moonves were detailed in a New Yorker article released Sunday morning.