You did receive a monetary settlement from the New York City Police.

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The charges were dropped, and he received a monetary settlement from the New York Police Department, and he was with us on the phone from New York.

NPR: Gates' Arrest All Too Familiar For Black Reporter

Both sides expect an agreement would include a monetary settlement of some kind, based on the alleged violations in the U.K. The government has also investigated potential misconduct in the company's former Russian outdoor billboard subsidiary, according to people familiar with the case, specifically whether it paid bribes to local officials to approve sign placements in that country.

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"At the end of the day, investors are less worried about the monetary aspects of a potential settlement, " he explained.

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Without admitting or denying the allegations, Kapur and his New York hedge fund firm, ThinkStrategy Capital Management, have reached a settlement with the SEC over the civil charges that will involve a civil monetary penalty.

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