businesswire.com · Sep 18, 2025
Glancy Prongay & Murray LLP Secured $120 Million For Viacom Investors
LOS ANGELES--(BUSINESS WIRE)--On August 5, 2025, Co-Lead Counsel Glancy Prongay & Murray secured final approval of a $120 million settlement for ViacomCBS Inc. investors. The settlement resolves investors' claims that certain underwriters of the March 2021 public offering of Viacom Class B and Viacom convertible preferred stock violated the Securities Act of 1933 by issuing false and misleading statements and failing to disclose that the underwriters had substantial holdings of Viacom commo.

