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PARA.US
id: 1738
ViacomCBS ($VIAC) now Paramount Global ($PARA) $120M Investor Settlement
Late claims are being considered for compensation, subject to approval.
$120,000,000
Cash SettlementSupreme
Court654959/202
Case number03/21/2021
Class period Start03/29/2021
Class period End08/22/2025
Claim deadlineViacomCBS ($VIAC) now Paramount Global ($PARA) has agreed to a tentative $120 million settlement to resolve claims that shareholders were misled about the company’s March 2021 stock offerings and undisclosed exposure to Archegos Capital.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose
Suspected Party
Management
Security Type
Stocks
Trade Direction
Long
Filing date
11/04/2021
Plaintiffs
Iron Workers Local 580 Joint Funds
Attorneys
Bernstein Litowitz Berger & Grossmann LLP
Defendants
Robert M. Bakish; Naveen Chopra
Administrator
JND Legal Administration
Trades matching type
FIFO
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