$120M Viacom Stockholders Class Action Settlement

Unsplash | Published: April 30, 2025

Claim Form Deadline: August 22, 2025

Payout: $10.00+

Proof required: Yes

What's the Viacom Class Action About?

If you purchased ViacomCBS stock in specific offerings announced on March 22, 2021 you might be owed a payout from a new Viacom class action settlement. Viacom has settled a class action over allegations that the offering materials contained false and misleading statements and omitted required disclosures, particularly regarding underwriters' relationships with a company called Archegos Capital Management.

The Viacom stock securities settlement resolves claims that the underwriters of Viacom's 2021 stock and preferred stock offerings violated the Securities Act of 1933 by issuing offering materials containing false or misleading statements and omissions related to their holdings and intentions regarding Viacom securities and Archegos Capital Management.

ViacomCBS, now known as Paramount Global, is a major American media and entertainment company. It owns and operates television networks, film studios, and streaming platforms, including CBS, Paramount Pictures, MTV, Nickelodeon, Showtime, and Paramount+. The company produces and distributes content across various platforms globally. Viacom and CBS merged and assumed the name ViacomCBS (later Paramount Global) in 2019.

What is the Total Settlement Amount?

The total settlement amount is $120,000,000.

How Do I Qualify For a Payout?

Anyone who purchased or acquired ViacomCBS Class B Common Stock or 5.75% Series A Mandatory Convertible Preferred Stock in the specified offerings or traceable to those offerings and suffered damages is eligible.

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Much Can I Get Paid?

Payments will be distributed from the Net Settlement Fund based on a pro-rata allocation of recognized loss amounts calculated using specific formulas for Common Stock and Preferred Stock. The exact payout depends on the number of valid claims and the claimant's recognized loss. The estimated payout is $10.00 or more per share of ViacomCBS Class B Common Stock purchased in the March 2021 offering and/or $0.50 or more per share of ViacomCBS 5.75% Series A Mandatory Convertible Preferred Stock issued in or traceable to the March 2021 initial public offering (also known as an IPO).

How Do I File a Claim?

To file a claim, complete the Claim Form included with the notice or download it from the official Viacom class action settlement website, linked below. Submit the form online or mail it with supporting documentation by the August 22, 2025 deadline at the very latest.

Is Proof Required to File a Claim?

Yes, Viacom class action claimants must provide documentation proving their purchase or acquisition of eligible ViacomCBS securities, including transaction dates, prices, and quantities.

Claim Form Website: Settlement Website

Submit Claim

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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