Troutman Sanders, which operates one of the larger law practices in the region with 150 attorneys, announced Thursday a deal to merge with Pepper Hamilton, another sizable firm based in Philadelphia.
In one of the busiest years in recent memory for Richmond law firm news, there was the story of LeClairRyan – and then there was everything else.
Phelan Petty bought the building at 3315 W. Broad St. for $975,000 earlier this year from law firm Geoff McDonald & Associates.
As he awaits trial on criminal fraud charges tied to an alleged bond scheme, local mortgage executive and real estate developer Michael Hild has one less legal issue to deal with for the time being.
Questions over the handling of an excess $3 million by the case’s longtime trustee forced a reopening of the case, which was first filed in 2008 and has been closed since 2015.
The wood flooring retailer claimed Cabinets To Go, run by former Lumber Liquidators CEO Thomas Sullivan, was wrongfully competing against it and sought $10 million in damages.
Hild sought and received permission from the federal government to sell the properties, which include the old bank building at 1518 Hull St. and the old Lighthouse Diner building at 1228 Hull St.
A local attorney has won the latest round in her battle with her former employer, collapsed Richmond law giant LeClairRyan.
The settlement frees the real estate firm from any future liability related to the 2018 collapse of its construction subsidiary. It also helps to potentially free up more money to be paid to creditors.
Left hanging by the collapse and bankruptcy of MGT Construction, a local developer is now suing an insurance company for allegedly not holding up its end of the deal on an apartment rehab in North Carolina.