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The latest suggestion I received from support works!. This worked for me given one caveat.
NOTE: For this to work I had to perform the steps using the "primary" LCD (this is the display the Apple Logo is on during boot).
1. Unplug all the monitors except primary monitor
2. Parallels Menu bar -> Virtual Machine -> Reinstall Parallels tools.
3. Restart VM.
3. Go to the coherence mode.
4. Plug in your other LCDs
This is on a late 2010 Mac Pro with ATI HD 5770 and 3 external LCDs (2 via mini DP w/ dual-link adapters and one DVI). I believe it was the mini-DP towards the edge of the case that was my primary connection.
To those who have recently upgraded ESET anti-virus/internet security to version 5 there is a new feature which is stopping coherence mode and possibly some other Parallels features from working. In order to use both ESET v5 and Parallels:
-Open ESET
-Click Setup
-Click the word 'Enabled' next to HIPS under the computer section on the right
-Take the checkbox out of the 'Enable HIPS' and click OK
-Restart the virtual machine
All Parallels features should now be working correctly and you are equally protected against viruses etc as version 4 of the ESET software.
Hope this helps!
Same problem here spent 2 hours on the phone with tech support for this issue then was told it was a known problem and that they are working on it...
To those who have recently upgraded ESET anti-virus/internet security to version 5 there is a new feature which is stopping coherence mode and possibly some other Parallels features from working. In order to use both ESET v5 and Parallels:
-Open ESET
-Click Setup
-Click the word 'Enabled' next to HIPS under the computer section on the right
-Take the checkbox out of the 'Enable HIPS' and click OK
-Restart the virtual machine
All Parallels features should now be working correctly and you are equally protected against viruses etc as version 4 of the ESET software.
Hope this helps!