Law

SCC slaps maximum penalty on Richmond businessman

A Richmond businessman, his associate and several locally-based companies have been fined $37.4 million by the State Corporation Commission for violating Virginia securities laws.

Banks try to force French into Chapter 7

Paragon Commercial Bank, Franklin Federal Savings Bank and Citizens Bank & Trust have petitioned the U.S. Bankruptcy Court in Richmond to place the formerly high-flying developer into bankruptcy.

Fund would help revitalize Richmond

The city of Richmond is one step closer to offering new financial assistance to private firms doing work in blighted neighborhoods.

Local nonprofits join forces

CHIP of Greater Richmond has merged with Family Lifeline, creating an abuse-prevention and health services organization with 40 employees and a combined annual budget of $3.5 million.

Firms with benefits

A proposal to create a new corporate structure has advanced its social-mission message to Senate.

French pleads guilty to fraud

Developer Justin French’s downward spiral finds him facing up to three decades in prison for abusing state and federal tax credit programs.

When partnerships go bad

A local bank got caught up in the middle of a dispute between two business partners and is now on the receiving end of a $1.35 million lawsuit.

Agency takes a closer look through its black eye

As a result of the hit developer Justin French allegedly gave a governmental program that awards tax credits for historic rehabilitation, a local agency is changing some of its protocols.

LeClairRyan rings in the year loud and clear

The Richmond law firm announced Monday the addition of more than 35 attorneys and employees across the country and a new office in Rochester, N.Y.