The former head of one of Richmond’s old guard investment banking firms has filed Chapter 11 bankruptcy, listing millions in debts to creditors that include local banks and some friends.
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.
Local investment firm moves further in N.C.
A Shockoe Slip-based investment banking and wealth management firm has opened an office in Charlotte.
Depends on what the definition of ‘Ponzi’ is
Whether local businessman Julius Everett “Bud” Johnson is a Ponzi schemer or not remains a toss-up, depending on which side of the case you ask.
Deal Flow: Investment banking roundup for 4.8.11
Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals (IPOs, M&A or capital raises) that local firms — investment banks, private equity, venture capital, etc. — had a hand in. DealFlow also highlights local businesses that have raised capital on their own or been party to a merger or acquisition…. Read more »
Trading Day: Inside the SEC filings for 4.7.11
Proxy season continues revealing the pay packages for the execs at Genworth, Richmond’s new bank and a local REIT. And another local REIT closed on $20M worth of hotel purchases.
SCC slaps maximum penalty on Richmond businessman
A Richmond businessman, his associate and several locally-based companies have been fined $37.4 million by the State Corporation Commission for violating Virginia securities laws.
Dominion Club members sue HHHunt
Members of a bankrupt local golf club are asking the court to help them get their initiation deposits – as much as $22,000 per person – back from the club’s developer and owners.
Bank of Virginia realigns
The Midlothian-based bank isn’t wasting any time in trimming a bit of fat.
Monday Q&A: He’s been there
George Mason University President Alan Merten offers advice to VCU as they navigate their post-Final Four fame.
Angry Hoos
Hell hath no fury like a law school student with less than favorable job prospects.