Barbara Walters, Sherri Shepherd and more stars opened up about David Letterman alleged extortion revelation, at the premiere party for Sherri's new Lifetime show, "Sherri." Last Thursday, Letterman admitted to having affairs with coworkers, after a man allegedly tried to blackmail him with the information. Tonight, Barbara told ET, "I think that David has been extremely open about a very difficult situation and I give him great credit for being this open. He's not trying to hide anything." "I have a lot of respect for David Letterman " Sherri said as she celebrated the premiere of her show. "Sherri" premiered Monday night on Lifetime. Watch our video for more!

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