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PARA.US

id: 1691

Paramount Global ($PARA) $122.5M Investor Settlement

Late claims are being considered for compensation, subject to approval.

$122,500,000

Cash Settlement

S.D. New York

Court

1:21-cv-09146

Case number

03/24/2021

Class period Start

03/04/2025

Class period End

08/22/2025

Claim deadline

Paramount Global ($PARA) has agreed to settle $122.5M with investors over claims it misled them about its financial ties to Archegos Capital.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

1.11

Plaintiffs

Construction Laborers Pension Trust for Southern California

Attorneys

Bernstein Litowitz Berger & Grossmann LLP

Defendants

Robert M. Bakish; Naveen Chopra; Christina Spade; George Cheeks

Judge

Jesse M. Furman

Administrator

JND Legal Administration

Court hearing date

08/05/2025

Attorney fee

$42,800,000

Trades matching type

LIFO

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