Latest news with #Statementof
Cision Canada
2 days ago
- Business
- Cision Canada
/C O R R E C T I O N from Source -- Ario Khoshbin/
In the news release, Ario Khoshbin Files Oppression Lawsuit Following Removal as CEO of Prollenium, issued 16-May-2025 by Ario Khoshbin over PR Newswire, we are advised by the source that the second paragraph has been updated. The complete, corrected release follows: Ario Khoshbin Files Oppression Lawsuit Following Removal as CEO of Prollenium TORONTO, May 16, 2025 /CNW/ - Ario Khoshbin, founder and former Chief Executive Officer of Prollenium Medical Technologies Inc., has commenced legal proceedings in the Ontario Superior Court of Justice Commercial List, against ArchiMed SAS, Panacea Holdings Inc., Prollenium Medical Technologies Inc., and related entities. The Statement of Claim includes allegations of shareholder oppression under the Canada Business Corporations Act, as well as breach of contract and wrongful dismissal. Mr. Khoshbin founded Prollenium in 2002 while still a university student. Over the next two decades, he developed the company into a global aesthetics business, with proprietary R&D, advanced manufacturing facilities, and distribution in over 80 countries. Prollenium is the only company manufacturing hyaluronic acid dermal fillers in North America and is the manufacturer of the globally recognized dermal filler brand Revanesse®. In 2021, Mr. Khoshbin sold a majority stake in the company to ArchiMed, a European private equity firm, while continuing in his role as CEO and remaining a significant minority shareholder and board director. In the Statement of Claim, Mr. Khoshbin alleges that following the acquisition, ArchiMed began operating the company in a manner that sidelined minority shareholders, focused on short-term financial objectives, and diverged from prior representations about long-term growth and innovation. The claim states that Mr. Khoshbin was gradually excluded from key governance decisions and was ultimately removed from his role without cause. The Statement of Claim alleges that Mr. Khoshbin did not voluntarily resign but was instead removed by board vote on April 4, 2025, contrary to public statements made by the Defendants at the time of Mr. Khoshbin's termination. The claim further alleges that Mr. Khoshbin's termination was not preceded by any formal performance process, and that he had expressed willingness to support an orderly transition. It also alleges that ArchiMed had pre-selected Walter Geiger, an operating partner at ARCHIMED SAS based in Zurich, as interim CEO prior to the meeting, and that he did not hold a Canadian work permit at the time of his appointment. The claim states that Mr. Geiger has been performing his duties from Prollenium's Richmond Hill facility. Following his removal, Mr. Khoshbin formally stepped down from the Board of Directors of Panacea Holdings. He continues to hold a 30% indirect ownership interest in the company and owns both of its core manufacturing facilities in Aurora and Richmond Hill, Ontario. "The opportunity to build Prollenium into what it is today has been the defining journey of my professional life," said Mr. Khoshbin. "My departure as CEO was abrupt and not by choice, but my commitment to the company's mission, legacy, its employees, and its long-term success remains unwavering." The Statement of Claim seeks various remedies, including a court-ordered buyout of Mr. Khoshbin's shares at fair market value, damages for wrongful dismissal, breach of contract, and reputational harm. The allegations have not yet been tested in court.
Yahoo
2 days ago
- Business
- Yahoo
/C O R R E C T I O N from Source -- Ario Khoshbin/
In the news release, Ario Khoshbin Files Oppression Lawsuit Following Removal as CEO of Prollenium, issued 16-May-2025 by Ario Khoshbin over PR Newswire, we are advised by the source that the second paragraph has been updated. The complete, corrected release follows: Ario Khoshbin Files Oppression Lawsuit Following Removal as CEO of Prollenium TORONTO, May 16, 2025 /CNW/ - Ario Khoshbin, founder and former Chief Executive Officer of Prollenium Medical Technologies Inc., has commenced legal proceedings in the Ontario Superior Court of Justice Commercial List, against ArchiMed SAS, Panacea Holdings Inc., Prollenium Medical Technologies Inc., and related entities. The Statement of Claim includes allegations of shareholder oppression under the Canada Business Corporations Act, as well as breach of contract and wrongful dismissal. Mr. Khoshbin founded Prollenium in 2002 while still a university student. Over the next two decades, he developed the company into a global aesthetics business, with proprietary R&D, advanced manufacturing facilities, and distribution in over 80 countries. Prollenium is the only company manufacturing hyaluronic acid dermal fillers in North America and is the manufacturer of the globally recognized dermal filler brand Revanesse®. In 2021, Mr. Khoshbin sold a majority stake in the company to ArchiMed, a European private equity firm, while continuing in his role as CEO and remaining a significant minority shareholder and board director. In the Statement of Claim, Mr. Khoshbin alleges that following the acquisition, ArchiMed began operating the company in a manner that sidelined minority shareholders, focused on short-term financial objectives, and diverged from prior representations about long-term growth and innovation. The claim states that Mr. Khoshbin was gradually excluded from key governance decisions and was ultimately removed from his role without cause. The Statement of Claim alleges that Mr. Khoshbin did not voluntarily resign but was instead removed by board vote on April 4, 2025, contrary to public statements made by the Defendants at the time of Mr. Khoshbin's termination. The claim further alleges that Mr. Khoshbin's termination was not preceded by any formal performance process, and that he had expressed willingness to support an orderly transition. It also alleges that ArchiMed had pre-selected Walter Geiger, an operating partner at ARCHIMED SAS based in Zurich, as interim CEO prior to the meeting, and that he did not hold a Canadian work permit at the time of his appointment. The claim states that Mr. Geiger has been performing his duties from Prollenium's Richmond Hill facility. Following his removal, Mr. Khoshbin formally stepped down from the Board of Directors of Panacea Holdings. He continues to hold a 30% indirect ownership interest in the company and owns both of its core manufacturing facilities in Aurora and Richmond Hill, Ontario. "The opportunity to build Prollenium into what it is today has been the defining journey of my professional life," said Mr. Khoshbin. "My departure as CEO was abrupt and not by choice, but my commitment to the company's mission, legacy, its employees, and its long-term success remains unwavering." The Statement of Claim seeks various remedies, including a court-ordered buyout of Mr. Khoshbin's shares at fair market value, damages for wrongful dismissal, breach of contract, and reputational harm. The allegations have not yet been tested in court. View original content: SOURCE Ario Khoshbin View original content: 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
GMA Network
22-05-2025
- Politics
- GMA Network
At least 5 law firms helping House prosecution in VP Sara's impeachment trial
How many law firms are involved? "Hindi ko masabi (I can't say). Definitely, at least five. Maybe ten." At least five law firms will help the House prosecution panel in the impeachment trial of Vice President Sara Duterte, one of the prosecutors told reporters on Thursday. San Juan Rep. Ysabel Maria Zamora said the panel met on Thursday to discuss its preparations for the trial, including the presentation of the articles of impeachment before the Senate impeachment court on June 2. Asked how many private lawyers were helping the House prosecution team, Zamora said, "Hindi ko masabi just because I don't know if they're complete." "We have, you know, we have many lawyers, some of them coming from the same firm. So we can count that as one or as several... But definitely more than the public prosecutors," Zamora said. How many law firms are involved? "Hindi ko masabi (I can't say). Definitely, at least five. Maybe ten." 'We're doing the same preparations that we've been doing. For example, we've had a mock trial before. We prepared the judicial affidavits for the witnesses. We examined witnesses," Zamora said. "We're not interviewing witnesses now, at least in the article that I'm handling. But we're reviewing all of the documentary evidence that we already have on hand,' she added. Among the pieces of evidence that will be presented are the reportedly fictitious names that received confidential funds from the Office of the Vice President and the Department of Education. 'I think it will be difficult to acquit the vice president in view of the numerous pieces of evidence that we have. Kumbaga, yung senators for us, sila yung haharap sa public kapag nag-acquit sila sa dami ng ebidensya na nakalap na namin,' Zamora said. The impeachment complaint provides for seven Articles of Impeachment, namely: conspiracy to assassinate President Ferdinand Marcos Jr. First Lady Liza Marcos, and Speaker Martin Romualdez; malversation of P612.5 Million in confidential funds with questionable liquidation documents; bribery and corruption in the DepEd during Duterte's tenure by handing out cash to former DepEd Undersecretary Gloria Jumamil-Mercado (Procurement Head), Bids and Awards Committee Member Resty Osias, DepEd Chief Accountant Rhunna Catalan and Special Disbursing Officer Edward Fajarda; unexplained wealth and failure to disclose assets in the Vice President's Statement of Assets, Liabilities, and Net Worth where her wealth increased by four times from 2007 from 2017; involvement in extrajudicial killings in Davao City; destabilization, insurrection, and public disorder efforts, which include: boycotting the State of the Nation Address (SONA) while declaring herself "designated survivor," leading rallies calling for Marcos' resignation, obstructing congressional investigations by ordering subordinates not to comply with subpoenas, threatening bodily harm against the First Couple and Romualdez, among others; the totality of the Vice President's conduct as the second highest official of the land. The president's offer of reconciliation to the Dutertes was not discussed in the meeting. 'It wasn't even mentioned but I would think everyone present in our meeting, the prosecution, the prosecutors, the private lawyers also are, I would think that everyone's in agreement that we will proceed with the impeachment simply because it's our duty to do so,' Zamora said. Senate President Chiz Escudero's letter to the House of Representatives regarding the presentation of the Articles of Impeachment to the Senate on June 2 was one of the topics of discussion when the House Prosecution Panel resumed its weekly meeting this morning. Of the 11 prosecutors, five attended - Reps Romeo Acop of Antipolo City 2nd district, Jonathan Keith Flores of Bukidnon 2nd district, Arnan Panaligan of Oriental Mindoro 1st district, Ysabel Maria Zamora of San Juan, and Ramon Rodrigo Gutierrez of 1-Rider Partylist. 'So we resumed our meeting after the elections and we discussed the letter of the Senate President sent to the House of Representatives, that we will present the articles of impeachment on June 2 before the Senate,' Zamora told reporters in an online interview. 'They expect us to read the Articles of Impeachment. In fact, the Senate, I believe it was the Senate who sent the Congress video of how it is done in the States. So while hindi naman namin siyempre eksaktong magagaya yun, there's a reading of the Articles of Impeachment,' she added. The House Prosecution Panel has yet to discuss how the Articles of Impeachment will be presented, if there will be only one prosecutor who will read all seven articles or if a prosecutor will be assigned for every article. ML Partylist Rep-elect Leila de Lima and Akbayan Partylist Rep-elect Chel Diokno were not present in this morning's meeting as their term will start on June 30 and they need to be elected in plenary. Zamora said each prosecutor has been assigned to handle three Articles of Impeachment. –NB, GMA Integrated News
NDTV
24-04-2025
- General
- NDTV
Delhi University School Of Open Learning Semester Results 2025 Out, Here's How To Check
The University of Delhi's School of Open Learning (DU SOL) has announced the results for the odd semester exams held earlier this year. Students from both regular and distance education modes can now access their results online through the university's official websites - and To view their scorecards, students need to log in using their roll number. The result link is active on the homepage of the official portal, directing users to the 'Print Marksheet' option, where they can download or save their marksheet for future reference. DU SOL Semester Results 2025: Steps To Check Visit the official DU result portal at Click on the 'Results' tab on the left-hand side Select the 'Result/Marksheet' option and click on 'Print Marksheet' Enter your roll number and select the relevant course and semester Click on 'Print Score Card' to check the result Download or print the marksheet PDF Once displayed, students are advised to review the online Statement of Marks/Grades carefully. The marksheet includes personal and academic details such as name, parents' names, course, semester, paper codes, subject-wise marks, credits, CGPA, and division. In case of any discrepancies in the marks or personal information, students must immediately reach out to their college or DU officials to initiate corrections.
