A Henrico entrepreneur and his company each filed for bankruptcy this week amid a two-year legal battle with a competitor and after being sued by one of Richmond’s biggest law firms.
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.
Country club dispute goes to mediation
The owners and members of a bankrupt Henrico golf and country club are set to go into mediation today in an attempt to resolve the six month dispute over the club’s future.
A second act on First Street
A parting of ways at a downtown wealth management firm wasn’t as amicable as the former partner suggested.
Genworth’s $290 million deal
Genworth Financial cut a deal to sell its Medicare supplement business to healthcare giant Aetna for $290 million.
A stalking horse emerges
A Richmond real estate investment fund wants to buy the last remaining asset of a bankrupt local biotech firm.
Prognosis uncertain for Richmond laboratory
Bostwick Laboratories has a lease that’s running out, and the firm hasn’t said whether it’s staying in Richmond.
Apple REIT buys another local hotel
Despite the troublesome press one of its sister funds has received lately, Apple REIT Ten is still gobbling up hotels.
Trading Day: Inside the SEC filings for 6.9.11
Several insiders at a local bank went on a buying spree this week. And the top executives of a Glen Allen bank that recently went public signed new employment contracts, each for a six-figure salary.
Local bank’s parent can resume its TARP payments
A West Virginia company’s plan to rebrand a Richmond bank is paying dividends for the federal government.
The R&D Dept.: Local patents for 6.8.11
Some promising patents this week including an invention for restraining someone, a painter-friendly ladder and a flame resistant garment. Plus, another patent for Capital One and a few for Phillip Morris.