Viacom Archegos Securities Litigation Settlement

What happened

Defendants allegedly violated the Securities Act by disseminating offering materials for ViacomCBS Inc.'s March 2021 secondary public offering of Class B common stock and initial public offering of Viacom 5.75% Series A Mandatory Convertible Preferred Stock that contained false and misleading statements and omitted required disclosures. Defendants have agreed to settle for $120 million without admitting wrongdoing.

Do you qualify?

All persons and entities who purchased or acquired Viacom Class B common stock in the secondary public offering announced March 22, 2021, priced March 23, 2021, and closed March 26, 2021, and/or Viacom's 5.75% Series A Mandatory Convertible Preferred Stock in its initial public offering with the same dates. Excluded are defendants, company officers and directors, affiliates, and their family members.

Who is in the class

All persons and entities who purchased or otherwise acquired (i) the Class B Common Stock of Viacom issued in Viacom's secondary public offering, which was announced on March 22, 2021, priced on March 23, 2021, and closed on March 26, 2021; and/or (ii) Viacom's 5.75% Series A Mandatory Convertible Preferred Stock issued in or traceable to Viacom's initial public offering of that Preferred Stock, which was announced on March 22, 2021, priced on March 23, 2021, and closed on March 26, 2021, and were damaged thereby.

Quoted from the settlement notice.

How to file

Submit a valid Claim Form by the August 22, 2025 deadline. The Claim Form is available on the settlement website. Proof of purchase is required. Contact the Claims Administrator at 866-287-0741, info@ViacomArchegosSecuritiesLitigation.com, or mail Viacom Archegos Securities Litigation, c/o JND Legal Administration, P.O. Box 91010, Seattle, WA 98111.