The $18 million wrongful termination and defamation claim filed by Michael Lowery was dismissed after the two sides “compromised.”
Lawsuit between Carpenter Co. and foam maker’s former president dismissed
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.
Jury finds former Live Well Financial CEO Michael Hild guilty of fraud
Michael Hild’s jury deliberated for a half a day to find him guilty on all five criminal counts he faced. His sentencing is set for Aug. 20.
Jury begins deliberations in Hild trial
The former Live Well Financial CEO took the stand in his own defense this week and sobbed while describing his company’s collapse.
Disbarred former LeClairRyan attorney Bruce Matson shells out more money to LandAmerica bankruptcy estate
Matson also recently reached a settlement with the LeClairRyan bankruptcy trustee for an undisclosed sum.
Hild trial week 2 recap: CFO grilled over details of bond fraud scheme
The second week of the criminal trial featured testimony from bankers and former Live Well Financial employees. Michael Hild is expected to take the stand this week.
Hild trial recap: First week dominated by guilty bond trader’s testimony
Prosecutors painted a picture of a scheme to commit fraud, but the defense argued the Live Well Financial founder had “good intent.”
Dominion Energy pulls plug on second new office tower downtown
The Richmond-based utility giant has decided not to build 700 Canal Place, planned for 17 stories with 900,000 square feet on the site of its former One James River Plaza building.
Deal to combine Tennessee banks will ripple into Richmond
Sevier County Bank, which expanded into Richmond last fall as Southern Community Bank, is set to be acquired by SmartBank, a much larger competitor from its home state.
Former Live Well execs to be sentenced after cooperation in Hild trial
The two men, who pleaded guilty to fraud charges over an alleged bond pricing scheme, are expected to take the stand against their former boss.
Hild trial begins today in Manhattan: ‘This is when the truth comes out’
His attorney said the founder of Live Well Financial, accused of a bond scheme and charged with fraud, is looking forward to his day in court.