A lawsuit seeking to recover nearly $100 million to pay creditors accuses them of “brazen breaches of fiduciary duties and self-dealing.”
Live Well bankruptcy trustee goes after directors and shareholders in lawsuit
Law
Live Well Financial bankruptcy trustee targets the Hilds in $110M lawsuit
The trustee aims to take control of the couple’s real estate and business holdings, which he claims “functioned like a giant laundry machine.”
Sentencing delayed for former Live Well Financial bond trader
A star witness in the prosecution of former CEO Michael Hild pleaded guilty to fraud and is now scheduled to be sentenced on Dec. 17.
Construction firm Katerra’s bankruptcy filing won’t stall apartment projects
Bristol Development Group says its Artistry at Winterfield and Tapestry West apartments will remain on schedule.
LeClairRyan trustee wins bid to keep Matson settlement details sealed
The decision came much to the chagrin of UnitedLex, a legal services firm that is owed $8 million from LCR and is in the midst of litigation with its trustee.
LeClairRyan bankruptcy trustee looks to sell off law firm’s accounts receivable
The trustee also has asked to seal certain records from public view, particularly those related to former LeClairRyan general counsel Bruce Matson.
Hild sentencing date pushed back after he hires new lawyer
The former CEO of Chesterfield-based mortgage company Live Well Financial was found guilty of a massive bond pricing scam.
Henrico apartment complex sells for $35M via endangered 1031 exchange
Capital Square’s sale of the Maple Springs Apartments was its latest involving the tax-deferrable investment property swaps, which would be cut under the proposed American Families Act.
Lawsuit between Carpenter Co. and foam maker’s former president dismissed
The $18 million wrongful termination and defamation claim filed by Michael Lowery was dismissed after the two sides “compromised.”
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.