Paragon Announces Settlement with Hesham M. Gad, Litigation Dismissed
Paragon Technologies (OTC PINK:PGNT) has announced a mutual settlement agreement with Hesham M. Gad, effectively ending their ongoing litigation. The settlement terms specify that Mr. Gad will withdraw his claims against multiple Paragon directors, including Samuel S. Weiser, Jack H. Jacobs, H. Timothy Eriksen, David Lontini, and Howard Brownstein.
In a reciprocal move, Paragon has agreed to dismiss its counterclaims against Mr. Gad. This resolution marks the conclusion of the legal dispute between both parties.
Paragon Technologies (OTC PINK:PGNT) ha annunciato un accordo di composizione amichevole con Hesham M. Gad, ponendo così fine alla controversia legale in corso. I termini dell'accordo prevedono che il Sig. Gad ritiri le sue accuse contro diversi membri del consiglio di Paragon, tra cui Samuel S. Weiser, Jack H. Jacobs, H. Timothy Eriksen, David Lontini e Howard Brownstein.
In un gesto reciproco, Paragon ha accettato di ritirare le proprie controdenunce contro il Sig. Gad. Questa risoluzione segna la conclusione della disputa legale tra le due parti.
Paragon Technologies (OTC PINK:PGNT) ha anunciado un acuerdo de conciliación mutua con Hesham M. Gad, poniendo fin así a la litigación en curso. Los términos del acuerdo especifican que el Sr. Gad retirará sus reclamaciones contra varios directores de Paragon, incluidos Samuel S. Weiser, Jack H. Jacobs, H. Timothy Eriksen, David Lontini y Howard Brownstein.
En un movimiento recíproco, Paragon ha acordado desestimar sus contrademandas contra el Sr. Gad. Esta resolución marca el fin de la disputa legal entre ambas partes.
Paragon Technologies (OTC PINK:PGNT)는 Hesham M. Gad와 상호 합의에 따른 해결 계약을 발표하며 진행 중이던 소송을 종료했습니다. 합의 조건에 따르면 Gad 씨는 Samuel S. Weiser, Jack H. Jacobs, H. Timothy Eriksen, David Lontini, Howard Brownstein 등 여러 Paragon 이사들에 대한 청구를 철회하기로 했습니다.
상호 조치로 Paragon은 Gad 씨에 대한 반소를 취하하기로 합의했습니다. 이로써 양측 간의 법적 분쟁이 마무리되었습니다.
Paragon Technologies (OTC PINK:PGNT) a annoncé un accord amiable avec Hesham M. Gad, mettant ainsi fin au litige en cours. Les termes de l'accord précisent que M. Gad retirera ses réclamations contre plusieurs administrateurs de Paragon, notamment Samuel S. Weiser, Jack H. Jacobs, H. Timothy Eriksen, David Lontini et Howard Brownstein.
En retour, Paragon a accepté de retirer ses demandes reconventionnelles contre M. Gad. Cette résolution marque la fin du différend juridique entre les deux parties.
Paragon Technologies (OTC PINK:PGNT) hat eine einvernehmliche Vergleichsvereinbarung mit Hesham M. Gad bekannt gegeben und damit den laufenden Rechtsstreit beendet. Die Vergleichsbedingungen legen fest, dass Herr Gad seine Ansprüche gegen mehrere Paragon-Direktoren, darunter Samuel S. Weiser, Jack H. Jacobs, H. Timothy Eriksen, David Lontini und Howard Brownstein, zurückzieht.
Im Gegenzug hat Paragon zugestimmt, seine Gegenklagen gegen Herrn Gad fallen zu lassen. Diese Einigung beendet den Rechtsstreit zwischen beiden Parteien.
- Settlement agreement reached, ending ongoing litigation with Hesham Gad
- None.
EASTON, PA / ACCESS Newswire / April 29, 2025 / Paragon Technologies, Inc. (OTC PINK:PGNT) ("Paragon") today announced that it has reached a settlement agreement with Hesham M. Gad with respect to the ongoing litigation and other related matters. Pursuant to the agreement, Mr. Gad has agreed to dismiss his claims against directors Samuel S. Weiser, Jack H. Jacobs, H. Timothy Eriksen, David Lontini, and Howard Brownstein, and Paragon has concurrently agreed to dismiss its counterclaims against Mr. Gad.
About Paragon Technologies
Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate, and investments. For additional information please visit: www.pgntgroup.com.
Investor Relations Contact:
Alliance Advisors IR
ParagonIR@allianceadvisors.com
SOURCE: Paragon Technologies Inc.
View the original press release on ACCESS Newswire
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