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.

Firm wants AIG to pay up

Suing the giant probably takes some gumption, but Richmond-based Scott & Stringfellow wants its day in court.

It pays to be the head Spider

The average total compensation paid to the presidents of private universities and colleges in Virginia during fiscal 2008-09 was $360,781, according to a report released Monday by the Chronicle of Higher Education. The head of UR made double that.

Tomac lands in another lender’s lawsuit

The Midlothian-based homebuilder was sued last week by Regions Bank for money owed on a defaulted multimillion-dollar line of credit.