SHAREHOLDER ALERT: Robbins LLP Informs Investors of Class Action on Behalf of ViacomCBS, Inc. (VIAC) Shareholders

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired ViacomCBS, Inc. (NASDAQ: VIAC) securities between March 22, 2021 and March 29, 2021, for violations of the Securities Exchange Act of 1934.

If you own shares of ViacomCBS, Inc. and suffered a loss, click here.

ViacomCBS, Inc. (VIAC) Shareholders Harmed When Goldman Sachs Group and Morgan Stanley Sold Shares

According to the complaint, Goldman Sachs Group Inc. and Morgan Stanley sold ViacomCBS, Inc. shares while in possession of material non-public information. Specifically, Goldman Sachs and Morgan Stanley knew Archegos Capital Management would need to fully liquidate its position in ViacomCBS based on margin call pressures. Goldman Sachs Group and Morgan Stanley sold billions worth of ViacomCBS securities with this knowledge, sending ViacomCBS stock into a tailspin and avoiding billions in losses. When the market learned the truth, investors suffered damages.

If you purchased shares of ViacomCBS, Inc. (VIAC) between March 22, 2021 and March 29, 2021, you have until December 28, 2021, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas
[phone]
[e-mail]
Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against ViacomCBS, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.