The streak of landing big bankruptcy cases comes from the jurisdiction’s reputation as a venue favorable to large debtors.
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.
Bruce Matson’s law license was revoked last week by the Virginia State Bar after he admitted to pocketing funds from a bankruptcy trust account.
The company’s 115 or so creditors, who are owed a combined $9.25 million, will get about 9 cents on the dollar.
In response to a suit by Tuckahoe Funding alleging fraud and embezzlement, Josh Romano blames the dispute on their mutual real estate attorney.
The Michigan-based beer maker has a new distribution deal with Specialty Beverage of Virginia.
The Colonial Heights mall remains open for business as usual as its owner, CBL Properties, goes through Chapter 11.
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.”
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.
Moe Mathews, co-owner of Rockville-based brokerage Fresh Start Team, is embroiled in legal disputes over alleged unfinished projects and unaccounted-for funds.