ViacomCBS ($VIAC) now Paramount Global ($PARA) $120M Investor Settlement
ViacomCBS ($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.
Frequently Asked Questions
All persons and entities who purchased or otherwise acquired ViacomCBS Inc. Class B common stock during the Class Period, and were damaged thereby, excluding Defendants, their affiliates, and other excluded parties.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.