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Russell Simmons steps down after sexual assault allegation

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Russell Simmons is stepping down from his companies after a screenwriter accused him of harassment and sexual assault.

Jenny Lumet alleged Simmons, the founder of hip-hop music label Def Jam Recordings and CEO of Rush Communications, forced her to have sex with him in 1991.

"While her memory of that evening is very different from mine, it is now clear to me that her feelings of fear and intimidation are real," Simmons said in a statement. "While I have never been violent, I have been thoughtless and insensitive in some of my relationships over many decades and I sincerely and humbly apologize."

Read more from CNN.

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