Nearly two years have passed since the Live Well Financial founder was arrested over an alleged bond scheme that defrauded lenders.
The stationery chain, which has a shop in Carytown, is at least the eighth big out-of-town brand to seek protection in the local federal courthouse.
Patrick Lindsey pleaded guilty to conspiracy to commit wire fraud and bank fraud in an accounting scheme that toppled the 30-year-old construction firm.
Patrick Lindsey, who pleaded guilty to accounting fraud that caused the firm to implode, has asked to serve 12 months but prosecutors are seeking 27 months.
It joins Guitar Center, J. Crew, Pier 1 Imports, Lord & Taylor, and many others that have filed Chapter 11 in Richmond over the last 12 months.
The trustee accused the legal services giant of keeping the law firm alive longer than it should have but it said she presented “a misguided narrative.”
A landlord says a financial services company owes $200,000 per its lease agreement. BizSense Pro members get full access.
Billy Tunner is now at the helm but Chris Malone, who joined the firm in 1981, will continue his law practice there.
Of the thousands of stories and millions of page views on Richmond BizSense this year, there were some that captured the attention of readers more than others.
The federal court’s reputation lured national retailers, legal controversies unfolded and law firms made moves.