Investors in Paramount Management Group, the financially insolvent ATM network operator, are seeking access to the company’s former Lancaster city offices in order to inspect paper and
Lancaster business owner Daryl Heller filed for personal bankruptcy on Monday, a move met a day later by allegations of fraud from a creditor allegedly owed more than $8 million.Heller, a principal in all-but-defunct ATM operator Paramount Management Group, filed for Chapter 11 bankruptcy protection in New Jersey, where he owns a beach house.The filing follows months […]
Business owner Daryl Heller is appealing a court order seeking to hold him personally liable for a $2 million civil contempt penalty assessed as part of an investor lawsuit against his company, Lancaster-based ATM operator Paramount Management Group. The penalty was imposed Jan. 10 by Lancaster County Court of Common Pleas Judge Leonard G. Brown III, who found […]
During a court hearing yesterday, Lancaster-based Blackford ATM Ventures consented to a petition forcing it into Chapter 7 bankruptcy liquidation.The next step is to appoint a bankruptcy trustee to oversee distribution of the company’s assets.The process is not likely to be straightforward, acknowledged an attorney for Silverview Credit Partners, the Florida-based lender that sought to force Blackford into bankruptcy.“It’s […]
Pennsylvania’s top court has upheld an employee’s right to sue an employer over a workplace illness even if it’s diagnosed after a time limit for filing a claim under worker’s comp laws.The ruling stems from a civil lawsuit filed by the estate of a retired engineer who died from mesothelioma traced to his workplace exposure […]
State attorneys general, including Pennsylvania’s newly installed Dave Sunday, are taking another crack at settling opioid-related claims against bankrupt drugmaker Purdue Pharma and the Sackler family that owns it.In an announcement yesterday, Sunday and other attorneys general said they reached a $7.4 billion settlement in principle with the company and the family.The deal does not shield the […]
Investors hoping to recover money from Lancaster-based ATM operator Paramount Management Group are facing a new hurdle.In a legal filing this month, a Berks County bank claims it has a stake in some of Paramount’s ATMs, as well as any revenue they may be generating.Customers Bank is asking a Lancaster County judge to stay an earlier court agreement […]
A court order on Friday gave some relief to investors in Paramount Management Group, a financially strapped ATM operator based in Lancaster.But the order did not give the investors everything they wanted.Notably, it stopped short of ordering Paramount to hire a forensic auditor to help recover funds for the investors, who argue they are owed tens […]
Commonwealth Court has tossed out state rules requiring licensing of companies manufacturing e-cigarettes and the liquids used in them.The court found that the rules gave the Pennsylvania Department of Revenue too much discretion in deciding how they would be enforced.The decision came Friday in the context of a lawsuit filed by East Coast Vapor, a Harrisburg-based […]
Is it fraud or a failing business?That was one of the questions hanging over a court hearing held yesterday morning to consider contempt charges against Paramount Management Group, a Lancaster-based ATM network being sued by its investors.The investors want Paramount held in contempt for its alleged failure to abide by a court order issued earlier this month.Under […]
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