Dominion and two other local firms are chasing after the short-lived owners of a shut-down Hopewell ethanol plant, accusing it of skipping out on bills and abusing tax incentive programs.
Seller of Hopewell plant hit with $2M in lawsuits
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Couple to plead not guilty to federal fraud charges
The U.S. government has accused the two former owners of a defunct recycling company of abusing federal stimulus money, and the pair is expected to take the matter to trial.
Lawyer to congregation: Pastor hindering church’s exit from bankruptcy
In federal bankruptcy court this week, a lawyer accused a Southside church’s pastor of again trying to siphon off funds for the bankruptcy estate, impeding the organization’s from escaping Chapter 11.
Bank CEO taking on top spot at Lumber Liquidators
The bank chief whose company is approaching a big merger is abandoning a consulting gig to become CEO of Lumber Liquidators, a flooring company in the throes of a scandal.
Real estate firm closing in on $30M raise
A Southside real estate management company is just waiting on final approval from the SEC so it can launch a stock offering at about $15 a share under recently changed federal rules.
Nonprofit financial firm heads to Norfolk
A bank and nonprofit lender on projects aimed at low- and moderate-income residents has launched a new office in Norfolk to be closer to its work in that part of the state.
Feds indict former company, execs over stimulus money
A former industrial recycling company and its executives are facing federal criminal charges for allegedly using government grants to pay personal debts.
DealFlow: Investment banking roundup for Oct. 28, 2015
A long list of deals this month from BB&T Capital Markets, Matrix Capital Markets, Harris Williams, Marriott & Co., and more.
West End mitt maker a step away from the World Series
A strained calf muscle is all that stands between a local baseball glove company and a chance to see its product on the sport’s biggest stage.
Chinese paper factory breaks ground in Chesterfield
A long line of state and local officials and businesspeople from the U.S. and China dug shovels into the Chesterfield ground Thursday, as a paper company moves forward with its $2 billion factory plan.