A local volleyball club says one of its directors was using the company’s money as his personal piggy bank.
Legal volley alleges underhanded service
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.
Surprise switch at Scott and Stringfellow
There’s been a quiet changing of the guard at one of Richmond’s oldest investment firms.
Parting is such sweet severance
Two weeks after Michael Fraizer’s abrupt resignation as chief executive of Genworth Financial, the company announced the details of his separation agreement.
DealFlow: M&A roundup for 5.17.12
Two local wine distributors work a deal, a local baby-stroller maker recapitalizes, and a busy month for Harris Williams. Plus deals from Marriott & Co., Transact AOCP, Cary Street Partners, Dominion Partners and more.
Trading Day: Inside the SEC filings for 5.17.12
More turnover in the top ranks of a local company, a REIT decides not to consolidate four of its funds and take them public, plus more details on a local bank’s recent capital raise.
SportsQuest facing foreclosure
Shaw Industries Group, the company that manufactured and financed the artificial turf at SportsQuest, is pushing to foreclose on 120 acres at the troubled Chesterfield sports complex.
Receiver would weigh down Aloft Hotel, owner says
The owner of a Short Pump hotel that defaulted on its $19 million loan says there’s no need for a receiver to take over the property, despite the demands of its lender.
Midnight is the new happy hour
A kegger broke out Friday night at a Goochland County industrial park, and Trae Cairns’s beers were the life of the party.
Two dozen fresh faces
Armed with its $125 million war chest, one of Richmond’s newest firms keeps adding to its ranks.
Capital raise raises spirits
The Glen Allen-based parent of First Capital Bank said Wednesday that it would close this week on a capital raise that will net it $17.8 million in fresh cash.