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 conductRecall
Paramount recalls youth hats for strangulation risk
Paramount recalled youth hats sold at Bass Pro Shops due to a strangulation hazard.
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 equitySettlement
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 equitySettlement
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.
Workplace equitySettlement
Paramount settles sex discrimination lawsuit
Paramount will pay $50,000 to settle a sex discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission.
Paramount Healthcare Consultants to Pay $50,000 in EEOC Sex Discrimination and Retaliation Lawsuit | U.S. Equal Employment Opportunity Commission
DALLAS – Paramount Healthcare Consultants, LLC, which operates nursing care facilities across Texas and Louisiana, will pay $50,000 to settle a sex discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today.
Paramount Healthcare Consultants to Pay $50,000 in EEOC Sex Discrimination and Retaliation Lawsuit
Workplace equitySettlement
Paramount settles workplace discrimination claims
Paramount settled a lawsuit alleging racial discrimination against straight, White male employees.
The lawsuit was filed after Paramount and CBS quietly settled another lawsuit alleging racial discrimination against straight, White male employees in April.
The lawsuit was filed after Paramount and CBS quietly settled another lawsuit alleging racial discrimination against straight, White male employees in April.
Former Paramount exec alleges he was fired for being White and 'old' | Fox News
Workplace equityAllegation
Paramount is accused of rolling back DEI programs
Paramount is accused of rolling back DEI initiatives according to a memo from its openly gay CEOs.
Ellison: We write to express concern regarding Paramount Skydance Corporation recent decision to alter, curtail or eliminate workforce diversity, equity, and inclusion programs, and related public disclosures in connection with efforts to secure federal regulatory approval of its now closed merger with Skydance Media.
In February, Paramount Global heads informed employees that it would be rolling back DEI initiatives in the wake of President Donald Trump’s re-election and anti-DEI policies.
Paramount Is Rolling Back DEI Initiatives to Align With Trump Mandates
Paramount Global — as it seeks FCC approval for its deal with Skydance Media and amid a pending lawsuit filed by President Trump against CBS News — told employees that it will change some of its diversity, equity and inclusion programs to comply with the Trump administration’s directives.
In February, Paramount Global heads informed employees that it would be rolling back DEI initiatives in the wake of President Donald Trump’s re-election and anti-DEI policies.
Paramount began rolling back its DEI initiatives earlier this year.
Paramount’s rethinking of its DEI policies aligns with companies rolling back DEI programs as the government campaigns against diversity initiatives.
Paramount is stepping back from some policies aimed at boosting diversity among its ranks amid a larger retreat from DEI initiatives in the private sector driven by the Trump administration.
Paramount Is Rolling Back DEI Initiatives, According to Memo From Its Openly Gay CEOs
The announcement comes at the same time that Paramount is seeking approval from the federal government to buy Skydance Media and as CBS News faces a lawsuit from Trump.
Corporate conductAllegation
Paramount president Jeff Shell improperly disclosed specific details about the timing
Paramount president Jeff Shell improperly disclosed specific details about the timing, cost and structure of the public company’s $7.7 billion media rights deal with the Ultimate Fighting Championship almost a month before its August 2025 announcement — that’s the allegation of leaked confidential data that an outside law firm is now investigating, The Hollywood Reporter has learned.
Paramount president Jeff Shell improperly disclosed specific details about the timing, cost and structure of the public company’s $7.7 billion media rights deal with the Ultimate Fighting Championship almost a month before its August 2025 announcement — that’s the allegation of leaked confidential data that an outside law firm is now investigating, The Hollywood Reporter has learned.
Labor & working conditionsConfirmed
Paramount endangers employees
Paramount is found endangering its employees during a January 2023 OSHA inspection.
Paramount's settlement includes stipulations about the number of theatrical releases the company must distribute over the next five years, how many of those releases need to be distributed widely and how many need to have a budget of more than $50 million.
On Tuesday (June 9), the U.K.’s competition regulator, the Competition and Markets Authority, said it initiated an investigation into the proposed Paramount-WBD deal.
Climate & energyAllegation
Paramount is accused of failing to clean areas
Paramount is accused of failing to clean areas near chrome-alloy-melting facilities.
Investigators allege both foundries in Paramount failed to conduct tests to ensure compliance with hexavalent chromium emission limits, did not properly clean areas near chrome-alloy-melting facilities and operated equipment without necessary permits.
Privacy & surveillanceConfirmed
Paramount faces children's privacy suit
Paramount is sued over children's privacy violations.
The merger, which was approved late last month by the FCC and officially closed on August 7, came after a politically strained and fraught process that included the previous Paramount leadership paying Trump to settle a lawsuit over a 60 Minutes interview that CBS News’ own lawyers said was “without merit.”
“Paramount also canceled the highly popular ‘The Late Show with Stephen Colbert,’ which President Trump openly dislikes, shortly after Mr. Colbert’s on-air criticism of Paramount’s settlement as a ‘big fat bribe,’” Raskin and Pallone stated.
It was approved by regulators only after Paramount-owned CBS News agreed to pay $16 million to settle a lawsuit filed by President Donald Trump, appoint an ombudsman at the network to eliminate “bias” against the president, and nix diversity, equity and inclusion initiatives.
It sure looks like Skydance and Paramount paid $36 million to Donald Trump for this merger, and he’s even bragged about this crooked-looking deal.
Workplace equityAllegation
Paramount Global and Paramount Pictures retained Defendant Smith
Both lawsuits allege that Paramount Global and Paramount Pictures “retained Defendant Smith as a Vice President of Paramount, despite receiving numerous complaints about Defendant Smith’s egregious behavior and sexual misconduct.”
Both lawsuits allege that Paramount Global and Paramount Pictures “retained Defendant Smith as a Vice President of Paramount, despite receiving numerous complaints about Defendant Smith’s egregious behavior and sexual misconduct.”
Paramount Exec Accused of Sexual Assault, Sued by Two Ex-EmployeesParamount Exec Accused of Sexual Assault, Sued by Two Ex-Employees
Corporate conductConfirmed
Paramount Global to pay $22 million to shareholders
Paramount Global will pay about $22 million to shareholders as part of a deal.
The deal calls for Paramount Global, the parent company of CBS, to pay a total of about $22 million to be redistributed to shareholders, while another $2.5 million is to come from Moonves, who was terminated as chairman-CEO in September 2018.
Updated story: Per a release from the office of New York Attorney General Letitia James, Leslie Moonves and Paramount Global's combined pay out to CBS shareholders for sexual misconduct claims and insider trading is now $24.5 million.
Corporate conductConfirmed
Paramount makes offers to WBD
Paramount offers continued to WBD despite WBD's focus on Netflix.
NEW YORK (AP) — Movie studio Paramount on Monday agreed to settle an antitrust lawsuit filed by 12 states, the last big obstacle blocking the company’s $81 billion acquisition of Warner Bros.
Paramount, attorneys general settle lawsuit, clearing a path for Warner Bros.
Corporate conductAllegation
Purported holders of Paramount Global Class B
Certain other purported holders of Paramount Global Class B Common Stock and Class A Common Stock have delivered demand letters to investigate similar alleged breaches of fiduciary duties in connection with the Transactions and requested the inspection of books and records.
Certain other purported holders of Paramount Global Class B Common Stock and Class A Common Stock have delivered demand letters to investigate similar alleged breaches of fiduciary duties in connection with the Transactions and requested the inspection of books and records.