Published
April 30, 2025
Updated
August 3, 2026
The $120 million Viacom Archegos securities settlement covers specified 2021 ViacomCBS offerings. Claims closed in August 2025 and the court granted final approval, while the public site has not announced a general distribution date.
Current Status
Claims are closed. The deadline was August 22, 2025, and the court entered a Judgment and Order Granting Final Approval on August 5, 2025. The official site says the net fund will be distributed after the settlement becomes effective, but it does not currently announce a general payment date or completion of distribution.StatusFinal Approval Granted; Distribution Date Not Posted
Claim DeadlineAugust 22, 2025 — Passed
Settlement Fund$120 Million
Historical ProofSecurities Transaction Records Required
What Was the Viacom Archegos Securities Case About?
The action concerned ViacomCBS Class B common stock and 5.75% Series A mandatory convertible preferred stock offered in March 2021. Plaintiffs alleged that offering materials contained false or misleading statements or omitted required information about the underwriters’ relationships with Archegos Capital Management and their holdings or intentions concerning ViacomCBS securities.The underwriter defendants disputed the allegations and did not admit liability. The parties agreed to a $120 million cash settlement after extensive litigation. ViacomCBS later became known as Paramount Global, but the securities and offering dates remain the key identifiers for settlement eligibility.
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Who Was Included?
The class generally covered people and entities that purchased or otherwise acquired ViacomCBS Class B common stock or the specified mandatory convertible preferred stock in or traceable to the March 2021 offerings and were damaged under the court-approved class definition.Simply owning Paramount stock at some other time was not enough. Traceability, transaction dates, the type of security, purchase price, sale activity, and recognized loss rules all affected whether a claimant could share in the fund. The notice and plan of allocation control those questions.
How Is the $120 Million Fund Allocated?
The settlement amount was deposited into escrow. Court-approved attorneys’ fees, litigation expenses, taxes, notice costs, administration, and any other approved expenses are deducted to produce the net settlement fund available for authorized claimants.The plan of allocation calculates recognized claims using formulas tied to eligible purchases, acquisitions, and dispositions. Payment is pro rata, so a recognized loss is not the same as a guaranteed reimbursement. The official claim materials also state that a calculated distribution below $10 will not be paid.
What Proof Was Required?
Claimants had to submit records showing the relevant security, transaction date, quantity, and price, along with beginning and ending holdings and any sales needed by the claim form. Brokerage confirmations, monthly statements, or comparable records were typically necessary to substantiate the trading history.A notice alone did not guarantee payment. The administrator had to determine that the claimant fit the class and calculate a recognized claim under the approved plan. Missing or inconsistent transaction data could reduce or disallow a claim.
What Happened at Final Approval?
The Supreme Court of the State of New York held the settlement hearing on August 5, 2025 and signed the Judgment and Order Granting Final Approval of Class Action Settlement. The court also considered the proposed plan of allocation and related fee and expense requests.That written judgment establishes final approval. Earlier preliminary approval on April 3, 2025 merely authorized notice and the claims process; it did not guarantee that the settlement would become final or that payments would immediately follow the hearing.
When Will Payments Be Distributed?
The official site states that the net fund will be distributed to authorized claimants after the Effective Date, including the resolution or expiration of any appeal rights. It does not currently post a general mailing or electronic-payment date.This should be described as final approval with distribution timing not publicly announced, not as proof that payments have or have not reached any individual. Securities claim review can be lengthy because the administrator must reconcile transaction records and apply the allocation formula across all accepted claims.
Can Investors File Now?
No. Online and mailed claims were due August 22, 2025. The claim page expressly states that the deadline passed. An investor cannot join now merely because the administrator has not announced a distribution date.A person who timely filed should preserve the claim confirmation and respond only to administrator requests connected to that claim. Do not send brokerage statements, tax identifiers, or account credentials to OCA.
What Claims Were Released?
Participating class members released the covered Securities Act claims and related claims described in the stipulation in exchange for the settlement benefits. Class members who did not timely exclude themselves can be bound even if they failed to submit a payable claim.The settlement does not decide every claim connected to Archegos or every Paramount security transaction. Its scope is defined by the case, defendants, offerings, class definition, and release in the court-approved documents.
Why Can the Final Award Differ From Early Estimates?
Early per-share figures were estimates based on assumptions about eligible losses and participation. The final award depends on the net fund, the aggregate recognized claims accepted by the administrator, and the court-approved allocation rules.A claimant’s market loss may also differ from the recognized claim used for settlement purposes. The formula is an allocation mechanism, not a court finding of actual investment damages for each person.
Official Information
Review the latest information on the official Viacom Archegos securities settlement website.
Case
Camelot Event Driven Fund et al. v. Morgan Stanley & Co. LLC et al.
Index Number
654959/2021
Court
Supreme Court of the State of New York, New York County
Settlement Fund
$120,000,000
Claim Deadline
August 22, 2025
Final Approval
August 5, 2025
Distribution
General date not publicly posted
Official Website
official Viacom Archegos securities settlement
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