COVID killed conferences and trade shows and pushed Henrico-based Exhibits Inc. into Chapter 7 liquidation.
Bankrupt local convention supply company up for grabs at auction
Law
Guitar Center the latest national retailer to file bankruptcy in Richmond
The streak of landing big bankruptcy cases comes from the jurisdiction’s reputation as a venue favorable to large debtors.
Judge sides with Hanover County in dispute over Wegmans approval
But a group of homeowners suing to stop a 1.1 million-square-foot distribution facility from being built can amend their complaint and fight on.
Longtime LeClairRyan attorney disbarred over mishandling of $3M in LandAmerica case
Bruce Matson’s law license was revoked last week by the Virginia State Bar after he admitted to pocketing funds from a bankruptcy trust account.
MGT Construction bankruptcy case coming to an end
The company’s 115 or so creditors, who are owed a combined $9.25 million, will get about 9 cents on the dollar.
House flipper Romano fights back against lender lawsuit; trial set for March
In response to a suit by Tuckahoe Funding alleging fraud and embezzlement, Josh Romano blames the dispute on their mutual real estate attorney.
Bell’s Brewery beers to return to Virginia after resolving years-long distributor spat
The Michigan-based beer maker has a new distribution deal with Specialty Beverage of Virginia.
Southpark Mall owner files for bankruptcy as part of restructuring plan
The Colonial Heights mall remains open for business as usual as its owner, CBL Properties, goes through Chapter 11.
LeClairRyan bankruptcy trustee targets $10M management insurance policy in asset hunt
Lynn Tavenner told the court she expects to pursue claims against the law firm’s management related to “fraudulent transfers, excessive compensation, breaches of fiduciary duty and/or unjust enrichment.”
LeClairRyan trustee sues law firm’s former ULX joint venture for $128M
The defunct law firm’s biggest creditor is now the main target of its bankruptcy trustee, who’s on the hunt for huge amounts of damages.