Company Announcements

NEW YORK , May 21, 2025 /PRNewswire/ -- Moore Law, PLLC, a shareholder litigation law firm located on Wall Street, is investigating potential claims against:

• Paramount Group Inc. (NYSE: PGRE)
  • Shareholders should email Fletcher@fmoorelaw.com; please contact only if shares acquired before 2022

The investigation concerns a Wall Street Journal article outing Chief Executive Albert Behler for tapping company coffers to the tune of $4,000,000.00 to fund his personal expenses and business interests and his wife's business interests over the past three years.¹

On May 20, 2025, The Wall Street Journal published an article detailing that from 2022 to 2024, Paramount spent more than $900,000 on Behler's personal accounting services, which it disclosed for the first time in April. It also paid more than $3 million to a private jet company, partly owned by Behler, during the same period. That payout and several others were disclosed for the first time this year. 

Industry analysts have criticized Paramount for delivering sagging returns relative to peers while still giving executives high compensation packages. 

In the weeks since Paramount revealed payments to Behler's businesses, several top executives have left the firm, including those who were primarily responsible for financial disclosure. 

If you own Paramount Group Inc. (NYSE: PGRE) stock, please contact Fletcher Moore by email at fletcher@fmoorelaw.com.

You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever.  All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

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¹  Rebecca Picciotto, Major Office Landlord Is Exploring Sale of the Company, THE WALL STREET JOURNAL (May 21, 2025), https://www.wsj.com/business/c-suite/major-office-landlord-is-exploring-a-sale-of-the-company-794701e3

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SOURCE Moore Law PLLC