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Lead Plaintiff Deadline: December 28, 2021
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Goldman Sachs and Morgan Stanley sold a large amount of ViacomCBS shares during the Class Period while in possession of material, non-public information about Archegos and its need to fully liquidate its position in the Company because of margin call pressure. As a result of these sales, Defendants Goldman Sachs and Morgan Stanley avoided billions in losses combined.
In order to be included in the lawsuit, you must have incurred a loss on shares of Viacom, either: A) purchased or acquired during the class period listed above, if applicable; or B) pursuant to the Initial Public Offering (IPO) of Viacom, if applicable.
If you suffered a loss in Viacom during the relevant time frame, or pursuant to Viacom’s IPO if listed above, you have until December 28, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.