The plaintiff claims the company’s pending merger with a California peer is unfair and violates the Securities Exchange Act of 1934.
CarLotz sued by disgruntled shareholder over pending Shift deal
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.
Genworth to move HQ near Innsbrook, scraps plan to build anew on current campus
The insurance company is still planning to redevelop its 45-acre Broad Street campus into a mixed-use project called Compass Town Center.
Law firms feud over millions in class action settlement fees
A 14-attorney firm from Richmond is battling a much larger firm from Alabama in a case that’s gone from circuit court to federal court with at least $2 million at stake.
Business born out of Richmond’s Livewire acquired by public company
Parasol, which provides remote troubleshooting for tech systems in homes and buildings, has just sold to Snap One Holdings out of North Carolina for an undisclosed sum.
Mama J’s expanding in Jackson Ward with new Mama J’s Market
As it ponders two new restaurants outside of city limits, the soul food spot is taking over the nearby former Salt & Forge storefront to launch a grab-and-go catering shop.
Imprisoned Bruce Matson settles with LandAmerica trustee
The deal allows the former Richmond attorney to walk away from the lawsuit without paying any additional money back into the LandAmerica bankruptcy estate and ends all disputes between the two sides.
Midlothian investment firm sues Va. Beach competitor in trademark dispute
Is the name Virginia Asset Group confusingly similar to Virginia Asset Management? The latter’s federal trademark lawsuit seeks to answer that question.
Mortgage lender opens office in the Fan after move from Willow Lawn
NFM Lending has two teams that share the new office on West Main Street, a building that had been part of the Eck family real estate portfolio.
Live Well Financial trustee questions Hilds’ efforts to sell assets
The trustee overseeing the bankruptcy of Michael Hild’s collapsed mortgage company is suspicious.
$2M land deal clears path for region’s first Echo hotel
Echo is a new brand from Wyndham and the region’s first will be built just off Gaskins Road by Henrico-based Sandpiper Hospitality.