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.
Reproductive careConfirmedYou decide
Paramount covers employee travel for abortion care
Paramount covers employee travel costs for abortion care after Roe v.
Paramount Global CEO Bob Bakish and chief people officer Nancy Phillips sent a memo to staff on Friday, obtained by Variety, confirming the company’s intentions to cover travel costs for employees seeking abortions, writing, “Reproductive health care through company-sponsored health insurance, including coverage for birth control, elective abortion care, miscarriage care and certain related travel expenses if the covered health service, such as abortion, is prohibited in your area.”
Disney, Netflix, Paramount, Comcast, Warner Bros. Discovery, Sony, Meta and several major media and entertainment companies said they will cover travel costs for employees seeking abortions after the Supreme Court overturned Roe v.
Disney, Netflix, Paramount, Meta and More Media Companies to Cover Employee Travel Costs for Abortions After Roe v.
Paramount Global CEO Bob Bakish and chief people officer Nancy Phillips sent a memo to staff on Friday, obtained by Variety, confirming the company’s intentions to cover travel costs for employees seeking abortions, writing, “Reproductive health care through company-sponsored health insurance, including coverage for birth control, elective abortion care, miscarriage care and certain related travel expenses if the covered health service, such as abortion, is prohibited in your area.”
Disney, Netflix, Paramount, Meta and More Media Companies to Cover Employee Travel Costs for Abortions After Roe v.
Disney, Netflix, Paramount, Comcast, Warner Bros. Discovery, Sony, Meta and several major media and entertainment companies said they will cover travel costs for employees seeking abortions after the Supreme Court overturned Roe v.
Paramount Global leaders sent a memo to staff Friday saying the company intends to cover travel costs for employees to receive services covered through company-sponsored health insurance where those services, including abortion, are prohibited, Variety reported.
Disney, Meta, Paramount, Other Major Companies to Cover Employee Travel Costs for Abortion
Workplace equitySettlementAgainst
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 equitySettlementAgainst
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 equityAllegationAgainst
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.
Labor & working conditionsConfirmedIn favor
Paramount approves hourly wage increases for associates
Paramount approved hourly wage increases for associates in the ordinary course of business consistent with past practice.
ount Employee Plan and (ii) entrances into employment agreements or separation agreements in the ordinary course of business consistent with past practice that do not provide for severance (other than severance that is materially consistent with the severance provided to other similarly-situated Paramount Associates), change in control or retention payments or benefits; (b) accelerate the payment, vesting or funding of, or take any action to fund or secure the payment of, any compensation or benefits under any of the Paramount Employee Plans, or, except as required by GAAP, amend the funding obligation or contribution rate to, or change the underlying assumptions to calculate benefits payable under, any Paramount Employee Plan; (c) grant or pay to any Paramount Associate any new or increased cash incentive or other compensation or benefits, other than increases to base salaries or hourly wage rates, target bonus opportunities or target long-term incentive opportunities with respect to Paramount Associates approved in connection with either (i) Paramount’s established semi-annual compensation processes for annual merit increases, market adjustments and promotions or (ii) an employment contract renewal, in either case, to the extent such approval occurred in the ordinary course of business consistent with past practice; (d) grant or increase any change in control or transaction-related retention compensation; (e) grant or increase any severance or similar compensation and/or benefits to any Paramount Associate with an annual base salary in excess of $1.5 million; (f) hire or terminate (other than for cause or due to death) any Paramount Associate with an annual base salary in excess of $1.5 million; or (g) unless Paramount or New Paramount (as applicable) has first provided prior written notice thereof to Skydance, implement or announce any mass employee layoffs, plant closings, or other similar actions that trigger notice obligations under the Worker Adjustment and Retraining Notification Act of 1988, as amended, and any similar foreign, state or local law;
EducationConfirmedIn favor
Paramount funds college scholarships via donations
Paramount donors support local students through the Paramount Education Partnership.
The Paramount Education Partnership (PEP) awards annual college scholarships to local students attending a two- or four-year college or technical school through the generous donations of local businesses and individuals.
Corporate conductAllegationAgainst
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 conditionsConfirmedAgainst
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.