Paramount Global ($PARA) Is Paying a $122.5M Settlement to Investors — Here’s How to Get Your Share

Court: S.D. New York

Case: 1:21-cv-09146

Paramount Global ($PARA), formerly ViacomCBS, agreed to pay $122.5 million to settle claims that it misled investors about its financial exposure and ties to Archegos Capital, which triggered significant investor losses when Archegos collapsed.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons and entities who purchased or otherwise acquired ViacomCBS Inc. Class B common stock between March 22, 2021, and March 29, 2021, inclusive, and were damaged thereby.

Do you have to sell securities to be eligible?

No, if you purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically check which ones you might have missed — or file manually for this case.