Investors with losses are encouraged to contact the firm before December 28, 2021; click here to submit trade information
LOS ANGELES, Nov. 03, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of ViacomCBS (NASDAQ: VIAC) investors that acquired shares between March 22, 2021. Investors have until March 29, 2021 to seek an active role in this litigation.
Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.
It is alleged in this lawsuit that Morgan Stanley and Goldman Sachs Group Inc sold a large amount of ViacomCBS shares during the Class Period, while possessing material non-public information in regard to Archegos Capital Management, which was, at the time, a family office with $10 billion under management, and its need to fully liquidate its position in ViacomCBS as a result of margin call pressure. The defendants in the case, Goldman Sachs and Morgan Stanley, avoided billions in losses combined, as a result of these sales.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 28, 2021.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
Attorney Advertising
