Friendly’s, the restaurant chain famous for its ice cream sundaes and burgers has filed for Chapter 11 bankruptcy.
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.
Banks eye new asset: Disgruntled customers
As some of the nation’s biggest banks cut free checking, local banks and credits unions are licking their chops.
Nothing’s set in stone
A New Kent County development that was threatened with foreclosure filed last week for bankruptcy, but the man behind the $30 million village isn’t throwing in the towel just yet.
A broker’s binge
With its coffers packed with fresh capital, one of Richmond’s newest financial firms is in expansion mode.
Fergusons' bankrupt businesses to be sold
The business interests and commercial real estate holdings of two bankrupt Richmond socialites will be auctioned off in the coming months.
Trading Day: Inside the SEC filings for 9.29.11
A local REIT just keeps on buying, plus CarMax’s latest earnings and insider buys at several local companies.
The R&D Dept.: Local patents for 9.28.11
Another patent for a Shockoe Slip drug device maker. Plus patents from Genworth, MeadWestvaco and Phillip Morris.
Law school job placement rates in the spotlight
Law schools won’t have to report the job placement percentage of their most recent graduating classes, leading some to believe that the American Bar Association is trying to shield schools from impending bad news, according to a report this week from the National Law Journal. The NLJ reported that law schools will not have to report… Read more »
Bank alleges high-dollar deception
A Richmond bank claims it was duped by a prominent –now bankrupt – local couple with deep ties to the business community and the charitable scene.
Dominion Club pitches plan
The Dominion Club has issued a plan to reemerge as a sustainable business, but a major obstacle remains.