More investors in a local REIT have joined a class action suit against the company’s funds, plus a big-name businessman is vying for a consultant gig with Star Scientific.
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.
Markel Ventures strikes a new deal
The investment arm of the local insurance giant has made yet another acquisition.
Three lawsuits, two wheels, one sharp turn
A trio of lawsuits has all but killed a local Segway dealership and forced its owner to roll quickly into a surprising new business model.
Legal duo decamps to larger firm
Two local lawyers left a Shockoe Slip law firm for a larger downtown competitor.
DealFlow: M&A roundup for 10.14.11
DealFlow is packed this month, with several local firms being acquired and Harris Williams and BB&T Capital Markets working all kinds of deals.
Richmond court goes high(er) tech
If you’ve noticed fewer lawyers hanging around the circuit court building downtown recently, there is at least one explanation.
From bankruptcy to the block
More than 200 acres set aside for a residential development that never made it out of the ground will be auctioned off Monday.
Trading Day: Inside the SEC filings for 10.13.11
A big selloff by an investor in a local coal company, plus Genworth closes on the $276 million sale of one of its subsidiaries. And Apple REIT changes the way it allows its investors to cash out.
Hindsight is 20/20, but they’re suing for $365 million
Were the bosses at LandAmerica so incompetent in their handling of the company during the dark days of 2008 that they should pay damages? Or were they making the best decisions they could in a tumultuous time?
The R&D Dept.: Patents for 10.12.11
A Petersburg company has invented a knife with a heated blade. And Philip Morris has a slew of new patents including a chewable tobacco pouch.