Reminder for Venture Global, Inc. (VG) Shareholders: Kessler Topaz Meltzer & Check, LLP

Investors who hold ViacomCBS Inc. (VG) stock are being reminded by Kessler Topaz Meltzer & Check, LLP about the ongoing securities fraud class action lawsuit. The law firm is encouraging shareholders to participate in the lawsuit if they meet the eligibility criteria.

The class action lawsuit was filed in the United States District Court for the Southern District of New York on behalf of investors who purchased ViacomCBS securities between March 22, 2021, and March 29, 2021. The lawsuit alleges that ViacomCBS made false and misleading statements regarding its business operations and prospects during this period.

Specifically, the lawsuit claims that ViacomCBS failed to disclose that the company was unprepared to launch its new streaming service, causing it to experience issues with completing the integration of CBS and Viacom. These integration problems led to a decline in subscriber growth and an increase in content licensing costs.

As a result of these alleged misrepresentations and omissions, ViacomCBS’s stock price dropped significantly when the truth was revealed. This drop caused financial harm to investors who had purchased ViacomCBS securities during the specified time frame.

Shareholders who are interested in participating in the class action lawsuit must meet certain criteria to be eligible. This includes purchasing ViacomCBS securities during the designated period and actively joining the lawsuit to seek a lead plaintiff appointment.

Investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP if they believe they may be eligible to participate in the securities fraud class action lawsuit against ViacomCBS. The law firm is dedicated to seeking justice for shareholders who have suffered financial losses due to alleged misconduct by companies like ViacomCBS.

By participating in the lawsuit, shareholders have the opportunity to hold ViacomCBS accountable for its actions and potentially recover financial compensation for any losses they may have experienced. It is important for investors to take action and protect their rights by exploring their options for seeking redress in cases of securities fraud.