An investigation on behalf of current long term investors in ViacomCBS Inc. (NASDAQ:VIAC) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/01/2022 -- An investigation was announced for current long-term investors in shares of ViacomCBS Inc. (NASDAQ: VIAC).
Investors who are current long term investors in ViacomCBS Inc. (NASDAQ: VIAC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: VIAC stocks follows a lawsuit filed over alleged securities laws violations.
Both Goldman Sachs and Morgan Stanley are global financial services institutions that served as prime brokers for Archegos Capital Management ("Archegos"), a family office with $10 billion under management, helping Archegos make trades and lending it capital in the form of margin lending.
The plaintiff alleges that Goldman Sachs and Morgan Stanley sold a large amount of ViacomCBS Inc. (NASDAQ: VIAC) shares between March 22, 2021 and March 29, 2021, 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 and that as a result of these sales, Defendants Goldman Sachs and Morgan Stanley avoided billions in losses combined.
Shares of ViacomCBS Inc. (NASDAQ: VIAC) declined from $100.42 per share on March 22, 2021, to as low as $39.81 per share on March 26, 2021.
Those who purchased shares of ViacomCBS Inc. (NASDAQ: VIAC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.