Glancy Prongay & Murray LLP Secured $120 Million For Viacom Investors

Core Insights - A $120 million settlement has been approved for ViacomCBS Inc. investors, resolving claims related to the March 2021 public offering [1] - The claims allege that underwriters issued false and misleading statements and failed to disclose substantial holdings of Viacom common stock [1] Financial Implications - The settlement amount of $120 million indicates a significant financial resolution for investors affected by the alleged misconduct [1] - The case highlights potential financial risks associated with public offerings and the responsibilities of underwriters in disclosing relevant information [1]