District Court for the Eastern District of Pennsylvania, charges Heller, Prestige, and Paramount with violations of the antifraud provisions of Section 17(a) of the Securities Act 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties against the defendants and a conduct-based injunction and officer and director bar against Heller.
The Securities and Exchange Commission today charged Daryl F. Heller of Pennsylvania and his companies, Prestige Investment Group, LLC and Paramount Management Group, LLC, with operating a multi-year Ponzi scheme that resulted in investor losses of approximately $400 million.
The Securities and Exchange Commission today charged Daryl F. Heller of Pennsylvania and his companies, Prestige Investment Group, LLC and Paramount Management Group, LLC, with operating a multi-year Ponzi scheme that resulted in investor losses of approximately $400 million.
Corporate conductRecallAgainst
Paramount recalls youth hats for strangulation risk
Paramount recalled youth hats sold at Bass Pro Shops due to a strangulation hazard.
HUMANITARIAN SUPPORT: We call on Paramount leadership to match the $1M in corporate donations made in October 2023 to Israeli organizations by donating $1M in humanitarian relief to the Palestine Children’s Relief Fund, a non-profit providing medical and humanitarian aid to children.
1 with a list of demands, including a call for Paramount to donate $1 million to the Palestine Children’s Relief Fund in order to match its 2023 donation of the same amount to humanitarian relief efforts in Israel.
1 with a list of demands, including a call for Paramount to donate $1 million to the Palestine Children's Relief Fund in order to match its 2023 donation of the same amount to humanitarian relief efforts in Israel.
HUMANITARIAN SUPPORT: We call on Paramount leadership to match the $1M in corporate donations made in October 2023 to Israeli organizations by donating $1M in humanitarian relief to the Palestine Children's Relief Fund, a non-profit providing medical and humanitarian aid to children.
Labor & working conditionsConfirmedAgainst
Paramount fails to pay crew wages and rest breaks
Paramount failed to pay movie crew their total wages, denied them rest breaks, and refused to reimburse out-of-pocket expenses.
Paramount Pictures Corp. failed to pay crew members working on movie productions their total wages, denied them proper rest breaks and refused to reimburse them for out-of-pocket expenses, according to a...
Workplace equitySettlementAgainst
Paramount settles sexual harassment lawsuit with EEOC
Paramount settled a sexual harassment lawsuit with the EEOC.
District Court for the Northern District of Texas), Paramount Multiservices' human resources manager and his assistant manager commented to female employees about their breasts and asked them questions about their sex lives.
The EEOC had charged that two managers at Paramount Multiservices sexually harassed two female employees and forced one of them to quit.
Paramount Multiservices Companies Settle Sexual Harassment Lawsuit with EEOC
Paramount Multiservices Companies Settle Sexual Harassment Lawsuit with EEOC | U.S. Equal Employment Opportunity Commission
Workplace equitySettlementAgainst
Paramount settles discrimination against African American applicants and employees
Paramount settled claims of discriminating against African American applicants and employees on the basis of race or national origin.
District Court for the Western District of Tennessee) that Paramount Staffing failed to place a former employee and a class of African Americans into warehouse positions because of their race and their national origin, American, when it took over operations from a predecessor company.
Prior to the training, Paramount's Regional Vice President shall announce to each management employee about the resolution of this lawsuit, including that Paramount has a strong and clear commitment to a workplace free of race and national origin discrimination and that such discrimination is expressly prohibited and not tolerated.
– Paramount Staffing, Inc., a temporary staffing agency, headquartered in Northbrook, Ill., will pay $ 585,000 to resolve a race and national origin lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced today.
In addition, Paramount Staffing agreed to create and publish a written hiring and placement policy prohibiting discrimination, to post such policy at its Memphis facilities, and to provide race and national origin discrimination awareness training for all recruiters, and onsite personnel employed by Paramount.
District Chief Judge Jon Phipps McCalla, enjoins Paramount Staffing from: failing to hire African American applicants on the basis of race or national origin, American; discriminating against African American employees on the basis of race or national origin, American; and retaliating against any employee or applicant for employment.
The two year consent decree resolving the suit, signed by U.S. District Chief Judge Jon Phipps McCalla, enjoins Paramount Staffing from: failing to hire African American applicants on the basis of race or national origin, American; discriminating against African American employees on the basis of race or national origin, American; and retaliating against any employee or applicant for employment.
The EEOC charged in its suit against Paramount Staffing, Inc. (Civil Action No. 2:06-cv-02624-JPM-cgc filed in U.S. District Court for the Western District of Tennessee) that Paramount Staffing failed to place a former employee and a class of African Americans into warehouse positions because of their race and their national origin, American, when it took over operations from a predecessor company.
Paramount supports and will comply with Titl e VII in all respects and will not take any action against employees because they have opposed employment practices made illegal by Title VII or exercised t heir rights under the law by filing charges with the Equal Employment Opportunity Commission, or because they testified, assisted, or participated in any manner in any investigation, proceeding, or hearing under Title VII.
IMPORTANT If you are an African American and you applied for employment as a warehouse worker with Paramount Staffing, Inc. between June 2004 to August 2006, and you believe you were denied placement into a job at the Memphis Oaks Technicolor facility, you must complete the enclosed Claim Form, to be eligible to receive money under the terms of the Settlement.
Ukraine & RussiaConfirmedYou decide
Paramount donates $1 million to Ukraine
Paramount donates $1 million to support humanitarian relief efforts in Ukraine, with U.S. and UK employees able to participate in a donation matching program.
The executive highlighted Paramount group company efforts during the crisis, including the U.K.’s Channel 5 recent fundraising special, “Ukraine: How YOU Can Help,” MTVE’s global call to action across linear and social for audiences to donate funds to support relief efforts across several organizations, and the Consumer Products team donating toys, products, and funds to organizations that are supporting kids and families from Ukraine who are seeking refuge.
Bakish also announced that Paramount will be donating $1 million to support humanitarian relief efforts in Ukraine, and employees in the U.S. and UK can participate in a donation matching program set up by Paramount.
Paramount Pauses Operations in Russia, Makes $1 Million Donation for Ukraine Relief - TheWrap
Bakish also announced that Paramount will be donating $1 million to support humanitarian relief efforts in Ukraine, and employees in the U.S. and UK can participate in a donation matching program set up by Paramount.